Shares of Williams Partners LP (NYSE:WPZ) have earned a consensus rating of “Buy” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $44.62.

A number of analysts recently weighed in on WPZ shares. BidaskClub lowered shares of Williams Partners from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Wells Fargo & Company decreased their target price on shares of Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Stifel Nicolaus set a $45.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Williams Partners in a report on Tuesday, August 22nd. Finally, BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, October 13th.

In related news, Director H Brent Austin purchased 1,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $384,976.28. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alan S. Armstrong acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in shares of Williams Partners in the 2nd quarter valued at $125,000. Pathstone Family Office LLC purchased a new stake in shares of Williams Partners in the 2nd quarter valued at $130,000. 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 in the last quarter. Saratoga Research & Investment Management purchased a new stake in shares of Williams Partners in the 3rd quarter valued at $188,000. 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 in the last quarter. 22.47% of the stock is owned by institutional investors.

Williams Partners (WPZ) traded up $0.46 during trading on Friday, reaching $36.48. 1,013,700 shares of the company were exchanged, compared to its average volume of 1,175,156. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The company has a market cap of $35,077.03, a price-to-earnings ratio of 23.70, a PEG ratio of 2.68 and a beta of 1.43. Williams Partners has a twelve month low of $33.12 and a twelve month high of $42.32.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date was Thursday, November 2nd. Williams Partners’s payout ratio is 157.90%.

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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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