Williams Partners’ (WPZ) Hold Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their hold rating on shares of Williams Partners (NYSE:WPZ) in a research note released on Tuesday. The brokerage currently has a $47.00 price objective on the pipeline company’s stock.

WPZ has been the topic of several other reports. Credit Suisse Group initiated coverage on shares of Williams Partners in a report on Thursday, January 4th. They issued an outperform rating and a $48.00 target price on the stock. US Capital Advisors upgraded shares of Williams Partners from a hold rating to a buy rating in a report on Thursday, January 4th. 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. Jefferies Group restated 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 dropped 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $45.50.

Williams Partners (WPZ) traded down $0.17 on Tuesday, hitting $42.34. 894,800 shares of the stock traded hands, compared to its average volume of 1,444,642. Williams Partners has a twelve month low of $34.74 and a twelve month high of $43.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99. The company has a market capitalization of $41,230.00, a PE ratio of 30.24, a P/E/G ratio of 2.82 and a beta of 1.45.

Williams Partners (NYSE:WPZ) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.12). Williams Partners had a net margin of 17.02% and a return on equity of 5.55%. sell-side analysts anticipate that Williams Partners will post 1.7 EPS for the current fiscal year.

In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan S. Armstrong bought 5,000 shares of Williams Partners 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 disclosure for this purchase can be found here.

Hedge funds have recently made changes to their positions in the stock. CAPROCK Group Inc. acquired a new stake in Williams Partners in the 4th quarter worth about $217,000. Creative Planning raised its stake in Williams Partners by 8.8% in the 4th quarter. Creative Planning now owns 24,264 shares of the pipeline company’s stock worth $941,000 after purchasing an additional 1,958 shares in the last quarter. Starfire Investment Advisers Inc. acquired a new stake in Williams Partners in the 4th quarter worth about $1,910,000. Atlantic Trust Group LLC raised its stake in 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 purchasing an additional 291,284 shares in the last quarter. Finally, 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 worth $25,876,000 after purchasing an additional 28,096 shares in the last quarter. 22.47% of the stock is owned by institutional investors and hedge funds.

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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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