Everett Harris & Co. CA maintained its position in Williams Partners LP (NYSE:WPZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,396 shares of the pipeline company’s stock at the end of the second quarter. Everett Harris & Co. CA’s holdings in Williams Partners were worth $537,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Telemus Capital LLC purchased a new position in Williams Partners during the first quarter valued at approximately $461,000. Diversified Trust Co increased its position in Williams Partners by 21.2% in the first quarter. Diversified Trust Co now owns 28,241 shares of the pipeline company’s stock valued at $1,153,000 after buying an additional 4,943 shares during the last quarter. Hollencrest Securities LLC increased its position in Williams Partners by 18.0% in the first quarter. Hollencrest Securities LLC now owns 224,038 shares of the pipeline company’s stock valued at $9,147,000 after buying an additional 34,179 shares during the last quarter. Waldron LP purchased a new position in Williams Partners during the first quarter valued at approximately $2,545,000. Finally, First Manhattan Co. increased its position in Williams Partners by 13.4% in the first quarter. First Manhattan Co. now owns 64,071 shares of the pipeline company’s stock valued at $2,382,000 after buying an additional 7,563 shares during the last quarter. Institutional investors own 23.55% of the company’s stock.
Shares of Williams Partners LP (NYSE WPZ) opened at 37.71 on Friday. The firm’s 50-day moving average price is $40.09 and its 200 day moving average price is $40.13. Williams Partners LP has a 12 month low of $32.93 and a 12 month high of $42.32. The company has a market cap of $36.04 billion, a PE ratio of 22.68 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by $0.09. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. Equities research analysts anticipate that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Wednesday, August 2nd. Williams Partners’s dividend payout ratio (DPR) is presently 143.71%.
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Several research analysts have commented on WPZ shares. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Credit Suisse Group upgraded Williams Partners from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $45.00 to $47.00 in a report on Friday, May 12th. TheStreet upgraded Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. BidaskClub downgraded Williams Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Finally, Jefferies Group LLC set a $42.00 price objective on Williams Partners and gave the stock a “hold” rating in a report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.77.
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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