Equities Analysts Issue Forecasts for Williams Partners LP’s FY2021 Earnings (WPZ)

Williams Partners LP (NYSE:WPZ) – Stock analysts at Jefferies Group issued their FY2021 earnings estimates for Williams Partners in a research note issued to investors on Tuesday. Jefferies Group analyst C. Sighinolfi forecasts that the brokerage will post earnings of $2.42 per share for the year. Jefferies Group currently has a “Hold” rating and a $39.00 target price on the stock.

Several other research analysts have also recently commented on the stock. Citigroup Inc. restated a “neutral” rating on shares of Williams Partners in a research report on Wednesday, November 2nd. Zacks Investment Research upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, November 29th. Stephens started coverage on shares of Williams Partners in a research report on Thursday, September 29th. They issued an “overweight” rating and a $43.00 target price for the company. Barclays PLC restated an “equal weight” rating and issued a $37.00 target price on shares of Williams Partners in a research report on Monday, December 5th. Finally, Morgan Stanley restated an “overweight” rating and issued a $40.00 target price on shares of Williams Partners in a research report on Thursday, December 22nd. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $38.64.

Earnings History and Estimates for Williams Partners (NYSE:WPZ)

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Shares of Williams Partners (NYSE:WPZ) traded up 3.96% on Wednesday, hitting $40.15. The company had a trading volume of 3,712,166 shares. The stock’s market cap is $23.93 billion. Williams Partners has a 12 month low of $12.69 and a 12 month high of $40.42. The company has a 50-day moving average of $36.56 and a 200 day moving average of $36.41.

Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.12. Williams Partners had a positive return on equity of 2.49% and a negative net margin of 18.10%. During the same quarter in the prior year, the company posted ($0.32) earnings per share.

Several large investors have recently modified their holdings of WPZ. Penserra Capital Management LLC increased its stake in shares of Williams Partners by 152.6% in the third quarter. Penserra Capital Management LLC now owns 2,923 shares of the company’s stock valued at $108,000 after buying an additional 1,766 shares during the period. Mycio Wealth Partners LLC increased its stake in shares of Williams Partners by 1.5% in the third quarter. Mycio Wealth Partners LLC now owns 3,332 shares of the company’s stock valued at $124,000 after buying an additional 50 shares during the period. Cedar Wealth Management LLC purchased a new stake in shares of Williams Partners during the second quarter valued at approximately $167,000. Opera Trading Capital purchased a new stake in shares of Williams Partners during the second quarter valued at approximately $173,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Williams Partners by 1,669.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,326 shares of the company’s stock valued at $198,000 after buying an additional 5,025 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first published by Sports Perspectives and is the propert of of Sports Perspectives. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be read at https://sportsperspectives.com/2017/01/11/equities-analysts-issue-forecasts-for-williams-partners-lps-fy2021-earnings-wpz.html.

About Williams Partners

Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.

5 Day Chart for NYSE:WPZ

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