Williams Partners LP (NYSE:WPZ) received a $47.00 price target from BMO Capital Markets in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the pipeline company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 13.99% from the stock’s previous close.

WPZ has been the subject of a number of other reports. Raymond James Financial, Inc. upgraded Williams Partners from a “market perform” rating to a “strong-buy” rating and set a $44.00 target price for the company in a report on Wednesday, January 11th. Zacks Investment Research upgraded Williams Partners from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, November 29th. Credit Suisse Group AG initiated coverage on Williams Partners in a report on Thursday, January 26th. They issued a “neutral” rating and a $44.00 target price for the company. Goldman Sachs Group Inc lifted their target price on Williams Partners from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, January 24th. Finally, Deutsche Bank AG initiated coverage on Williams Partners in a report on Friday, February 10th. They issued a “buy” rating and a $47.00 target price for the company. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.06.

Analyst Recommendations for Williams Partners (NYSE:WPZ)

Williams Partners (NYSE:WPZ) opened at 41.23 on Wednesday. Williams Partners has a 12 month low of $26.12 and a 12 month high of $42.32. The company’s 50-day moving average is $40.52 and its 200 day moving average is $38.36. The company’s market cap is $39.39 billion.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Williams Partners by 63.8% in the third quarter. BNP Paribas Arbitrage SA now owns 23,419 shares of the pipeline company’s stock worth $871,000 after buying an additional 9,119 shares in the last quarter. Creative Planning boosted its position in shares of Williams Partners by 18.5% in the third quarter. Creative Planning now owns 15,772 shares of the pipeline company’s stock worth $587,000 after buying an additional 2,458 shares in the last quarter. Hollencrest Securities LLC boosted its position in shares of Williams Partners by 1.5% in the third quarter. Hollencrest Securities LLC now owns 237,938 shares of the pipeline company’s stock worth $8,849,000 after buying an additional 3,510 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its position in shares of Williams Partners by 1.4% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,423,184 shares of the pipeline company’s stock worth $52,928,000 after buying an additional 20,000 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of Williams Partners during the third quarter worth approximately $377,000. 34.35% of the stock is currently owned by hedge funds and other institutional investors.

About Williams Partners

Williams Partners L.P. is an energy infrastructure company. The Company has operations across the natural gas value chain from gathering, processing, and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene, and other olefins. It operates through its Northeast G&P, Atlantic-Gulf, West, and Natural gas liquid (NGL) & Petchem Services segments.

5 Day Chart for NYSE:WPZ

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