Williams Partners LP (WPZ) Insider Sells $262,405.20 in Stock
Williams Partners LP (NYSE:WPZ) insider John D. Seldenrust sold 6,770 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $38.76, for a total transaction of $262,405.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Williams Partners LP (NYSE:WPZ) opened at $38.67 on Monday. The stock has a market capitalization of $37,647.92, a P/E ratio of 25.44, a price-to-earnings-growth 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. Williams Partners LP has a 12-month low of $34.74 and a 12-month high of $42.32.
A number of equities research analysts have weighed in on WPZ shares. Jefferies Group reissued a “buy” rating and issued a $44.00 price target on shares of Williams Partners in a report on Monday, October 16th. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the stock a “buy” rating in a report on Friday, October 13th. Stifel Nicolaus set a $45.00 price objective on Williams Partners and gave the stock a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Wells Fargo & Co dropped their price objective on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Williams Partners currently has a consensus rating of “Buy” and an average price target of $45.15.
Williams Partners Company Profile
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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