Williams Partners (WPZ) Receives New Coverage from Analysts at Credit Suisse Group

Equities research analysts at Credit Suisse Group assumed coverage on shares of Williams Partners (NYSE:WPZ) in a research note issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $48.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target suggests a potential upside of 16.14% from the company’s previous close.

WPZ has been the subject of several other research reports. Jefferies Group reissued a “buy” rating and set a $44.00 price target on shares of Williams Partners in a research report on Monday, October 16th. US Capital Advisors raised shares of Williams Partners from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub raised shares of Williams Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Stifel Nicolaus set a $45.00 price target on shares of Williams Partners and gave the company a “buy” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets set a $47.00 price target on shares of Williams Partners and gave the company a “buy” rating in a research report on Friday, October 13th. One 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 stock. The company presently has a consensus rating of “Buy” and an average target price of $45.23.

Shares of Williams Partners (NYSE:WPZ) traded up $0.03 on Thursday, hitting $41.33. 1,672,354 shares of the company traded hands, compared to its average volume of 1,580,000. The company has a market capitalization of $40,250.00, a P/E ratio of 29.52, a P/E/G ratio of 2.94 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. Williams Partners has a 12 month low of $34.74 and a 12 month high of $42.32.

In other Williams Partners news, CEO Alan S. Armstrong purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $35.00 per share, for a total transaction of $175,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John D. Seldenrust sold 6,770 shares of Williams Partners stock in a transaction on 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.

Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in shares of Williams Partners during the 2nd quarter worth $125,000. Pathstone Family Office LLC purchased a new position in shares of Williams Partners during the 2nd quarter worth $130,000. Balentine LLC boosted its stake in shares of Williams Partners by 10.6% during the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 457 shares during the last quarter. Saratoga Research & Investment Management purchased a new position in shares of Williams Partners during the 3rd quarter worth $188,000. Finally, Private Advisor Group LLC boosted its stake in shares of Williams Partners by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 22.47% of the company’s stock.

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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)