Williams Pipeline Partners (NYSE:WPZ) had its price target decreased by Stifel Nicolaus from $48.00 to $41.00 in a research report report published on Monday. Stifel Nicolaus currently has a buy rating on the pipeline company’s stock.
Other equities research analysts also recently issued research reports about the company. Barclays reduced their target price on Williams Pipeline Partners from $45.00 to $41.00 and set an equal weight rating for the company in a report on Tuesday, April 17th. Zacks Investment Research downgraded Williams Pipeline Partners from a hold rating to a sell rating in a report on Monday, February 19th. Sanford C. Bernstein downgraded Williams Pipeline Partners from an outperform rating to a market perform rating in a report on Monday, March 26th. Bank of America reduced their target price on Williams Pipeline Partners from $44.00 to $40.00 and set a buy rating for the company in a report on Tuesday, March 27th. Finally, Credit Suisse Group began coverage on Williams Pipeline Partners in a report on Thursday, January 4th. They issued an outperform rating and a $48.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $44.36.
Williams Pipeline Partners stock opened at $36.01 on Monday. Williams Pipeline Partners has a one year low of $32.74 and a one year high of $44.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $34,469.82, a price-to-earnings ratio of 21.82 and a beta of 1.46.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, May 4th will be paid a dividend of $0.614 per share. This represents a $2.46 annualized dividend and a dividend yield of 6.82%. The ex-dividend date of this dividend is Thursday, May 3rd. This is an increase from Williams Pipeline Partners’s previous quarterly dividend of $0.60. Williams Pipeline Partners’s payout ratio is 145.45%.
Several large investors have recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. acquired a new position in shares of Williams Pipeline Partners during the 4th quarter worth $185,000. Brookfield Asset Management Inc. raised its stake in shares of Williams Pipeline Partners by 93.7% during the 4th quarter. Brookfield Asset Management Inc. now owns 219,939 shares of the pipeline company’s stock worth $8,529,000 after buying an additional 106,400 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Williams Pipeline Partners by 24.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 809,039 shares of the pipeline company’s stock worth $31,375,000 after purchasing an additional 161,072 shares in the last quarter. Glenmede Trust Co. NA increased its position in Williams Pipeline Partners by 50.4% during the 4th quarter. Glenmede Trust Co. NA now owns 41,900 shares of the pipeline company’s stock worth $1,624,000 after purchasing an additional 14,050 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in Williams Pipeline Partners by 6.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 427,519 shares of the pipeline company’s stock worth $16,579,000 after purchasing an additional 26,500 shares in the last quarter. 22.08% of the stock is owned by institutional investors and hedge funds.
Williams Pipeline Partners Company Profile
Williams Partners L.P. operates as an energy infrastructure company. It operates through Northeast G&P, Atlantic-Gulf, and West segments. The Northeast G&P segment engages in natural gas gathering, compression, processing, and NGL fractionation businesses in the Marcellus and Utica shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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