Williams Partners LP (NYSE:WPZ) Issued With 'Hold' Rating At Stifel Nicolaus

Expansion Projects and Higher Margins Drove Williams’s 3Q Earnings

Williams Partners L.P., formerly known as Access Midstream Partners, L.P., is headquartered in Oklahoma City. This number may differ from other data providers that provide consensus estimates. 113336 shares were traded on Western Gas Partners, LP's last session. Evercore Partners Inc. raised their target price on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday, August 2nd. RBC Capital Markets reaffirmed an "outperform" rating and issued a $64.00 price target (up from $60.00) on shares of Western Gas Partners, in a report on Wednesday, October 12th. Zacks Investment Research downgraded Western Gas Partners, from a "buy" rating to a "hold" rating in a research note on Tuesday. Strong Buy recommendation comes from score 1, and 5 constitute a Strong Sell score. Moreover, the stock is down -2.37% in one month through last close, to $29.67, showing a 32.60% return during the past three months. (NYSE:WPZ) opened at 35.82 on Tuesday. QVCA market capitalization is $14.54B with 22080 employees.

Other Hedge Funds, Including, Ota Financial Group boosted its stake in WGP in the latest quarter, The investment management firm added 6,772 additional shares and now holds a total of 18,772 shares of Western Gas Equity Partners LP which is valued at $816,582. (NYSE:WPZ) last posted its earnings results on Monday, October 31st. WES reported $0.54 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01.

Year-to-date, Williams Partners stated unaudited net income of $286 million, a $91 million increase over the same time period in 2015. This was $-0.21 away from what the analysts had expected, or a -131.25% surprise factor.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. This represents a $3.40 annualized dividend and a dividend yield of 9.49%. This dividend's record date is Nov 4, 2016 and the announcement date is Oct 26, 2016. Western Gas Equity Partners LP makes up approx 0.14% of Proficio Capital Partners's portfolio. The shares were sold at an average price of $50.23, for a total value of $2,783,043.38. Following the completion of the sale, the director now directly owns 174,577 shares in the company, valued at $8,878,986.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The most recent analyst revision occurred on 2016-10-19.

The energy infrastructure company posted revenue of $1.91 billion in the period.

Looking ahead to future earnings growth, analysts are expecting Williams Partners LP (NYSE:WPZ) to report earnings per share of $0.27 for the quarter ending on 2016-09-30. Van ECK Associates Corp now owns 24,320 shares of the company's stock valued at $1,226,000 after buying an additional 373 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Western Gas Partners, by 20.6% in the second quarter. Clinton Group Inc. now owns 99,839 shares of the company's stock worth $3,819,000 after buying an additional 56,015 shares in the last quarter.

According to Zacks, "WESTERN GAS PARTNERS is a growth-oriented DE limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets". The Company's divisions include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.



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