Williams Partners (NYSE:WPZ) has been assigned a $45.00 target price by equities research analysts at Stifel Nicolaus in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 21.59% from the company’s current price.

A number of other brokerages have also recently issued reports on WPZ. BidaskClub cut shares of Williams Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Jefferies Group reiterated a “buy” rating and set a $44.00 target price on shares of Williams Partners in a research report on Tuesday, August 22nd. TheStreet cut shares of Williams Partners from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Wolfe Research initiated coverage on shares of Williams Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $45.00 target price for the company. Finally, BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $44.71.

Shares of Williams Partners (NYSE:WPZ) traded up $0.31 during mid-day trading on Friday, hitting $37.01. 1,377,138 shares of the stock were exchanged, compared to its average volume of 1,173,617. Williams Partners has a 52 week low of $33.12 and a 52 week high of $42.32. The firm has a market cap of $36,040.00, a PE ratio of 23.38, a price-to-earnings-growth ratio of 2.60 and a beta of 1.46. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65.

In related news, Director H Brent Austin acquired 1,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were purchased at an average price of $38.66 per share, with a total value of $38,660.00. Following the acquisition, the director now directly owns 9,958 shares in the company, valued at $384,976.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alan S. Armstrong acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $35.00 per share, for a total transaction of $175,000.00. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors bought a new position in shares of Williams Partners in the 2nd quarter valued at about $125,000. Pathstone Family Office LLC bought a new position in shares of Williams Partners in the 2nd quarter valued at about $130,000. Saratoga Research & Investment Management bought a new position in shares of Williams Partners in the 3rd quarter valued at about $188,000. Balentine LLC boosted its stake in shares of Williams Partners by 10.6% in the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 457 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Williams Partners by 8.3% in the 2nd quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock valued at $194,000 after purchasing an additional 374 shares during the last quarter. 22.46% of the stock is currently owned by institutional investors.

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About Williams Partners

Williams Partners L.P. is an energy infrastructure company. The Company has operations across the natural gas value chain from gathering, processing, and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene, and other olefins. It operates through its Northeast G&P, Atlantic-Gulf, West segment.

Analyst Recommendations for Williams Partners (NYSE:WPZ)

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