Williams Pipeline Partners (WPZ) Given New $41.00 Price Target at Barclays

Williams Pipeline Partners (NYSE:WPZ) had its price objective cut by equities research analysts at Barclays from $45.00 to $41.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Barclays’ target price points to a potential upside of 12.42% from the company’s current price.

A number of other research analysts have also commented on WPZ. Jefferies Group restated a “buy” rating and set a $45.00 price target on shares of Williams Pipeline Partners in a research report on Wednesday, December 20th. US Capital Advisors upgraded shares of Williams Pipeline Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Credit Suisse Group started coverage on shares of Williams Pipeline Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $48.00 price target for the company. Royal Bank of Canada restated a “hold” rating and set a $47.00 price target on shares of Williams Pipeline Partners in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus set a $48.00 price target on shares of Williams Pipeline Partners and gave the company a “buy” rating in a research report on Saturday, February 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Williams Pipeline Partners currently has an average rating of “Buy” and an average price target of $45.42.

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WPZ opened at $36.47 on Tuesday. The firm has a market cap of $35,104.00, a PE ratio of 21.55 and a beta of 1.46. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. Williams Pipeline Partners has a one year low of $32.74 and a one year high of $44.06.

Williams Pipeline Partners (NYSE:WPZ) last released its quarterly 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). The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Williams Pipeline Partners had a net margin of 10.87% and a return on equity of 6.43%. sell-side analysts forecast that Williams Pipeline Partners will post 1.81 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC grew its position in Williams Pipeline Partners by 289.9% in the third quarter. Neuberger Berman Group LLC now owns 226,881 shares of the pipeline company’s stock worth $8,826,000 after acquiring an additional 168,690 shares in the last quarter. Kings Point Capital Management grew its position in Williams Pipeline Partners by 11.3% in the fourth quarter. Kings Point Capital Management now owns 39,905 shares of the pipeline company’s stock worth $1,548,000 after acquiring an additional 4,041 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Williams Pipeline Partners by 24.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 809,039 shares of the pipeline company’s stock worth $31,375,000 after acquiring an additional 161,072 shares in the last quarter. Koch Industries Inc. purchased a new position in Williams Pipeline Partners in the fourth quarter worth $270,000. Finally, Pitcairn Co. purchased a new position in Williams Pipeline Partners in the fourth quarter worth $221,000. Institutional investors own 22.12% of the company’s stock.

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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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