Williams Partners LP to Post Q4 2017 Earnings of $0.49 Per Share, Jefferies Group Forecasts (WPZ)
Williams Partners LP (NYSE:WPZ) – Analysts at Jefferies Group cut their Q4 2017 EPS estimates for Williams Partners in a note issued to investors on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.53. Jefferies Group currently has a “Buy” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Williams Partners’ Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.11 EPS, FY2019 earnings at $2.37 EPS, FY2020 earnings at $2.51 EPS and FY2021 earnings at $2.57 EPS.
WPZ has been the subject of several other research reports. BidaskClub downgraded Williams Partners from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Wells Fargo & Co decreased their price target on Williams Partners from $49.00 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, October 10th. Stifel Nicolaus set a $45.00 price target on Williams Partners and gave the stock a “buy” rating in a report on Friday, December 1st. BMO Capital Markets set a $47.00 price target on Williams Partners and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Wolfe Research initiated coverage on Williams Partners in a report on Monday, September 25th. They set an “outperform” rating and a $45.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.15.
Shares of Williams Partners (NYSE:WPZ) opened at $38.67 on Friday. Williams Partners has a 1-year low of $34.74 and a 1-year high of $42.32. The stock has a market capitalization of $37,647.92, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.87 and a beta of 1.43. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65.
A number of large investors have recently made changes to their positions in WPZ. Arrowstreet Capital Limited Partnership bought a new position in shares of Williams Partners during the 2nd quarter worth $241,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Williams Partners by 10.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 214,000 shares of the pipeline company’s stock worth $8,584,000 after acquiring an additional 20,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Williams Partners by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,636,305 shares of the pipeline company’s stock worth $141,452,000 after acquiring an additional 482,557 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Williams Partners by 36.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,065 shares of the pipeline company’s stock worth $1,366,000 after acquiring an additional 9,015 shares during the period. Finally, BB&T Securities LLC grew its stake in shares of Williams Partners by 5.4% during the 2nd quarter. BB&T Securities LLC now owns 18,783 shares of the pipeline company’s stock worth $753,000 after acquiring an additional 961 shares during the period. Hedge funds and other institutional investors own 22.47% of the company’s stock.
In other Williams Partners news, CEO Alan S. Armstrong acquired 5,000 shares of Williams Partners stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $35.00 per share, for a total transaction of $175,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John D. Seldenrust sold 6,770 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $38.76, for a total value of $262,405.20. The disclosure for this sale can be found here.
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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 segment.
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