JPMorgan Chase & Co. upgraded shares of Williams Partners (NYSE:WPZ) from a neutral rating to an overweight rating in a report issued on Friday, Marketbeat reports. JPMorgan Chase & Co. currently has $44.06 price target on the pipeline company’s stock, up from their prior price target of $34.74.
WPZ has been the topic of several other reports. Zacks Investment Research downgraded shares of Williams Partners from a hold rating to a sell rating in a research report on Monday, February 19th. Barclays downgraded shares of Williams Partners from an overweight rating to an equal weight rating and cut their target price for the stock from $47.00 to $45.00 in a research report on Wednesday, January 17th. Credit Suisse Group initiated coverage on shares of Williams Partners in a research report on Thursday, January 4th. They set 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 research report on Thursday, January 4th. Finally, Jefferies Group reiterated a buy rating and set a $45.00 target price on shares of Williams Partners in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Williams Partners has a consensus rating of Buy and a consensus target price of $46.26.
Shares of Williams Partners (NYSE:WPZ) opened at $36.86 on Friday. Williams Partners has a one year low of $34.74 and a one year high of $44.06. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The firm has a market cap of $35,962.57, a P/E ratio of 39.63 and a beta of 1.48.
Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors bought a new position in Williams Partners during the 4th quarter worth approximately $174,000. Pin Oak Investment Advisors Inc. bought a new position in Williams Partners during the 4th quarter worth approximately $185,000. Stuart Chaussee & Associates Inc. bought a new position in Williams Partners during the 4th quarter worth approximately $187,000. Capital Analysts LLC raised its holdings in Williams Partners by 1,432.4% during the 4th quarter. Capital Analysts LLC now owns 6,865 shares of the pipeline company’s stock worth $191,000 after purchasing an additional 6,417 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new position in Williams Partners during the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 22.17% 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.
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