Williams Partners (WPZ) Upgraded at US Capital Advisors

US Capital Advisors upgraded shares of Williams Partners (NYSE:WPZ) from a hold rating to a buy rating in a research note issued to investors on Thursday. US Capital Advisors also issued estimates for Williams Partners’ Q4 2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.38 EPS and FY2019 earnings at $1.98 EPS.

WPZ has been the subject of several other reports. BidaskClub cut shares of Williams Partners from a sell rating to a strong sell rating in a research note on Friday, October 20th. Wells Fargo & Co cut their target price on shares of Williams Partners from $49.00 to $45.00 and set an outperform rating for the company in a research note on Tuesday, October 10th. Stifel Nicolaus set a $45.00 target price on shares of Williams Partners and gave the company a buy rating in a research note on Friday, December 1st. Jefferies Group reaffirmed a buy rating and set a $45.00 target price on shares of Williams Partners in a research note on Wednesday, December 20th. Finally, BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the company a buy rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $45.23.

Williams Partners (NYSE:WPZ) opened at $41.33 on Thursday. The firm has a market cap of $40,248.02, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.94 and a beta of 1.43. Williams Partners has a 52 week low of $34.74 and a 52 week high of $42.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06.

In related news, CEO Alan S. Armstrong acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought 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 link. Also, insider John D. Seldenrust sold 6,770 shares of Williams Partners stock in a transaction dated Thursday, December 21st. The shares were 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.

A number of institutional investors and hedge funds have recently made changes to their positions in WPZ. Captrust Financial Advisors bought a new stake in Williams Partners during the 2nd quarter valued at about $125,000. Pathstone Family Office LLC bought a new stake in Williams Partners during the 2nd quarter valued at about $130,000. Saratoga Research & Investment Management bought a new stake in Williams Partners during the 3rd quarter valued at about $188,000. Balentine LLC lifted its holdings in Williams Partners by 10.6% during the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after buying an additional 457 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Williams Partners by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock valued at $223,000 after buying an additional 67 shares in the last quarter. Institutional investors own 22.47% of the company’s stock.

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Williams Partners Company Profile

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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