NEW YORK (

TheStreet

) --

Williams Partners

(NYSE:

WPZ

) hit a new 52-week high Thursday as it is currently trading at $55.05, above its previous 52-week high of $55 with 60,140 shares traded as of 11:12 a.m. ET. Average volume has been 340,100 shares over the past 30 days.

Williams has a market cap of $15.8 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 17.4% year to date as of the close of trading on Wednesday.

TheStreet Recommends

Williams Partners L.P., a diversified master limited partnership, focuses on transporting; gathering, treating, and processing; storing natural gas; and natural gas liquid fractionating and oil transporting activities. The company has a P/E ratio of 20.5, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Williams as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Williams Ratings Report

.

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