Williams Partners (NYSE:WPZ) was upgraded by stock analysts at US Capital Advisors from a “hold” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.
Other analysts also recently issued reports about the company. Jefferies Group reiterated a “buy” rating and set a $44.00 target price on shares of Williams Partners in a research report on Monday, October 16th. Wolfe Research assumed coverage on Williams Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $45.00 target price for the company. BidaskClub downgraded Williams Partners from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. BMO Capital Markets set a $47.00 target price on Williams Partners and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Stifel Nicolaus set a $45.00 target price on Williams Partners and gave the company a “buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.15.
Shares of Williams Partners (NYSE WPZ) traded up $0.87 during midday trading on Thursday, reaching $40.48. The company’s stock had a trading volume of 1,865,600 shares, compared to its average volume of 1,439,400. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. Williams Partners has a 52-week low of $34.74 and a 52-week high of $42.32. The firm has a market cap of $39,320.00, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.82 and a beta of 1.45.
In other Williams Partners news, insider John D. Seldenrust sold 6,770 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $38.76, for a total value of $262,405.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan S. Armstrong bought 5,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.
Hedge funds have recently modified their holdings of the company. Saturna Capital acquired a new stake in shares of Williams Partners in the third quarter valued at about $62,000. Tower Research Capital LLC TRC bought a new position in shares of Williams Partners in the first quarter valued at approximately $105,000. Penserra Capital Management LLC lifted its holdings in shares of Williams Partners by 152.6% in the third quarter. Penserra Capital Management LLC now owns 2,923 shares of the pipeline company’s stock valued at $108,000 after purchasing an additional 1,766 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Williams Partners in the second quarter valued at approximately $125,000. Finally, Advisory Services Network LLC bought a new position in shares of Williams Partners in the first quarter valued at approximately $127,000. 22.47% of the stock is 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.