Penserra Capital Management LLC Sells 1,702 Shares of Williams Partners LP (WPZ)

Penserra Capital Management LLC lowered its holdings in Williams Partners LP (NYSE:WPZ) by 35.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,152 shares of the pipeline company’s stock after selling 1,702 shares during the period. Penserra Capital Management LLC’s holdings in Williams Partners were worth $122,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Camelot Portfolios LLC increased its position in shares of Williams Partners by 0.9% in the second quarter. Camelot Portfolios LLC now owns 6,885 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 60 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Williams Partners by 1.2% in the second quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after acquiring an additional 67 shares in the last quarter. Cutter & CO Brokerage Inc. increased its position in shares of Williams Partners by 1.1% in the second quarter. Cutter & CO Brokerage Inc. now owns 7,025 shares of the pipeline company’s stock worth $282,000 after acquiring an additional 75 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Williams Partners by 0.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 9,722 shares of the pipeline company’s stock worth $390,000 after acquiring an additional 76 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Williams Partners by 1.6% in the second quarter. IFP Advisors Inc now owns 11,379 shares of the pipeline company’s stock worth $456,000 after acquiring an additional 181 shares in the last quarter. 22.34% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on WPZ shares. BidaskClub raised shares of Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC raised shares of Williams Partners from a “hold” rating to a “buy” rating and raised their price target for the company from $42.00 to $44.00 in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Williams Partners from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Barclays PLC raised shares of Williams Partners from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $44.00 to $47.00 in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Williams Partners has a consensus rating of “Buy” and a consensus price target of $44.93.

Williams Partners (NYSE:WPZ) last announced its earnings results on Wednesday, November 1st. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.13). Williams Partners had a return on equity of 5.90% and a net margin of 17.82%.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Thursday, November 2nd. Williams Partners’s dividend payout ratio (DPR) is currently 143.71%.

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In related news, Director H Brent Austin bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average price of $38.66 per share, with a total value of $38,660.00. Following the completion of the transaction, the director now owns 9,958 shares of the company’s stock, valued at approximately $384,976.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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.

Institutional Ownership by Quarter for Williams Partners (NYSE:WPZ)

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