Mariner Investment Group LLC increased its stake in shares of Williams Partners LP (NYSE:WPZ) by 453.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,900 shares of the pipeline company’s stock after buying an additional 135,100 shares during the period. Williams Partners accounts for about 3.6% of Mariner Investment Group LLC’s investment portfolio, making the stock its 11th largest position. Mariner Investment Group LLC’s holdings in Williams Partners were worth $6,614,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in WPZ. Capital Advisors Inc. OK increased its stake in Williams Partners by 16.7% in the first quarter. Capital Advisors Inc. OK now owns 17,892 shares of the pipeline company’s stock valued at $731,000 after buying an additional 2,565 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Williams Partners by 22.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 217,700 shares of the pipeline company’s stock worth $8,889,000 after buying an additional 40,600 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Williams Partners by 78.7% in the first quarter. Janney Montgomery Scott LLC now owns 98,691 shares of the pipeline company’s stock worth $4,030,000 after buying an additional 43,468 shares during the period. Chickasaw Capital Management LLC increased its stake in shares of Williams Partners by 71.1% in the first quarter. Chickasaw Capital Management LLC now owns 350,000 shares of the pipeline company’s stock worth $14,290,000 after buying an additional 145,400 shares during the period. Finally, First Manhattan Co. increased its stake in shares of Williams Partners by 13.4% in the first quarter. First Manhattan Co. now owns 64,071 shares of the pipeline company’s stock worth $2,382,000 after buying an additional 7,563 shares during the period. Institutional investors and hedge funds own 23.55% of the company’s stock.
Shares of Williams Partners LP (WPZ) traded up 0.08% on Friday, reaching $37.74. The company’s stock had a trading volume of 560,549 shares. The company has a market cap of $36.07 billion, a P/E ratio of 22.69 and a beta of 1.43. The company has a 50 day moving average price of $40.03 and a 200 day moving average price of $40.11. Williams Partners LP has a 52-week low of $32.93 and a 52-week high of $42.32.
Williams Partners (NYSE:WPZ) last released its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. On average, analysts anticipate that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.
The firm also recently disclosed 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 was Wednesday, August 2nd. Williams Partners’s dividend payout ratio (DPR) is presently 143.71%.
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WPZ has been the subject of a number of research analyst reports. BidaskClub downgraded Williams Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Credit Suisse Group upgraded Williams Partners from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $45.00 to $47.00 in a research report on Friday, May 12th. Zacks Investment Research upgraded Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Tuesday, July 18th. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, TheStreet upgraded Williams Partners from a “c+” rating to a “b-” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.77.
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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