Williams Partners LP (WPZ) : During the past 4 weeks, traders have been relatively bearish on Williams Partners LP (WPZ), hence the stock is down -3.71% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.84% relative to the S&P 500. The 4-week change in the price of the stock is -2.72% and the stock has fallen -1.79% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 3.86%. Williams Partners LP (NYSE:WPZ): stock turned positive on Friday. Though the stock opened at $35.54, the bulls momentum made the stock top out at $36.069 level for the day. The stock recorded a low of $35.3 and closed the trading day at $35.75, in the green by 1.62%. The total traded volume for the day was 1,138,224. The stock had closed at $35.18 in the previous days trading.
Institutional Investors own 36.34% of Williams Partners LP shares. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Williams Partners LP (NYSE:WPZ). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $35 per share to $36 per share. The rating by the firm was issued on August 12, 2016.
Williams Partners L.P., formerly Access Midstream Partners, L.P., owns, operates, develops and acquires natural gas, natural gas liquids (NGLs) and oil gathering systems, and other midstream energy assets. The Companys business segments include Access Midstream, Northeast G&P, Atlantic-Gulf, West and NGL & Petchem Services. The Access Midstream segment provides gathering, treating, and compression services to producers. The Northeast G&P segment includes natural gas gathering and processing and NGL fractionation businesses. Atlantic-Gulf segment includes its interstate natural gas pipeline, Transcontinental Gas Pipeline Company, LLC (Transco), and natural gas gathering and processing and crude oil production handling and transportation. The NGL & Petchem Services segment includes its 88.5% interest in an olefins production facility in Geismar, Louisiana, along with an RGP Splitter and various petrochemical and feedstock pipelines.