Williams Partners L.P. Rating Increased to Positive at Wells Fargo & Co. (WPZ)

By admin | 6 years ago

Williams Partners L.P. (NYSE: WPZ) was upgraded by Wells Fargo & Co. (NYSE: WFC) from an “outperform” rating to a “positive” rating in a research note issued on Wednesday.

A number of other analysts have also recently weighed in on WPZ. Analysts at Stifel Nicolaus upgraded shares of Williams Partners L.P. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, May 2nd. They now have a $62.00 price target on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of Williams Partners L.P. from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, April 27th. They now have a $65.00 price target on the stock, up previously from $64.00. Finally, analysts at Citigroup (NYSE: C) initiated coverage on shares of Williams Partners L.P. in a research note to investors on Wednesday, April 25th. They set a “buy” rating and a $64.00 price target on the stock.

Shares of Williams Partners L.P. traded down 0.65% during mid-day trading on Wednesday, hitting $53.91. Williams Partners L.P. has a one year low of $45.39 and a one year high of $65.39. The company has a market cap of $17.039 billion and a P/E ratio of 11.19.

Williams Partners L.P. last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.90 by $0.05. On average, analysts predict that Williams Partners L.P. will post $0.80 earnings per share next quarter.

Williams Partners L.P. is a limited partnership formed by The Williams Companies, Inc. (Williams). The Company was formed to own, operate and acquire a portfolio of energy assets.

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