Stifel Nicolaus Cuts Williams Pipeline Partners (WPZ) Price Target to $41.00

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.

Williams Pipeline Partners (NYSE:WPZ) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Williams Pipeline Partners had a net margin of 10.87% and a return on equity of 6.43%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. analysts predict that Williams Pipeline Partners will post 1.77 earnings per share for the current year.

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.

Analyst Recommendations for Williams Pipeline Partners (NYSE:WPZ)

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