Williams Partners LP (NYSE:WPZ) – Investment analysts at US Capital Advisors raised their Q4 2017 earnings per share (EPS) estimates for shares of Williams Partners in a research report issued on Thursday. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will earn $0.41 per share for the quarter, up from their previous forecast of $0.38. US Capital Advisors has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Williams Partners’ Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.38 EPS and FY2019 earnings at $1.98 EPS.
Several other research firms also recently issued reports on WPZ. Credit Suisse Group began coverage on shares of Williams Partners in a research report on Thursday. They issued an “outperform” rating and a $48.00 price target for the company. BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, October 13th. BidaskClub downgraded shares of Williams Partners from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Jefferies Group reaffirmed a “buy” rating and set a $44.00 price objective on shares of Williams Partners in a report on Monday, October 16th. Finally, Wells Fargo & Co cut their price objective 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. One 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.23.
In related news, CEO Alan S. Armstrong purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of $35.00 per share, with a total value of $175,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John D. Seldenrust sold 6,770 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $38.76, for a total transaction of $262,405.20. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of the stock. Atlantic Trust Group LLC boosted its holdings in shares of Williams Partners by 5.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 5,692,694 shares of the pipeline company’s stock worth $221,444,000 after buying an additional 291,284 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Williams Partners by 4.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 665,201 shares of the pipeline company’s stock valued at $25,876,000 after acquiring an additional 28,096 shares during the period. Chicago Partners Investment Group LLC raised its stake in Williams Partners by 75.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 177,700 shares of the pipeline company’s stock valued at $6,913,000 after acquiring an additional 76,673 shares during the period. Institutional & Family Asset Management LLC bought a new stake in Williams Partners in the 3rd quarter valued at about $1,743,000. Finally, GSA Capital Partners LLP raised its stake in Williams Partners by 102.6% in the 3rd quarter. GSA Capital Partners LLP now owns 25,221 shares of the pipeline company’s stock valued at $981,000 after acquiring an additional 12,774 shares during the period. 22.47% 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.
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