Miller Howard Investments Inc. NY trimmed its holdings in shares of Williams Partners LP (NYSE:WPZ) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,755,465 shares of the pipeline company’s stock after selling 82,686 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.18% of Williams Partners worth $68,288,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. Camelot Portfolios LLC boosted its holdings in shares of Williams Partners by 0.9% during the 2nd quarter. Camelot Portfolios LLC now owns 6,885 shares of the pipeline company’s stock worth $276,000 after buying an additional 60 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Williams Partners by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after buying an additional 67 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of Williams Partners by 1.1% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,025 shares of the pipeline company’s stock worth $282,000 after buying an additional 75 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Williams Partners by 0.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 9,722 shares of the pipeline company’s stock worth $390,000 after buying an additional 76 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Williams Partners by 1.6% during the 2nd quarter. IFP Advisors Inc now owns 11,379 shares of the pipeline company’s stock worth $456,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 22.34% of the company’s stock.
In related news, Director H Brent Austin bought 1,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were acquired at an average cost of $38.66 per share, with a total value of $38,660.00. Following the completion of the acquisition, the director now owns 9,958 shares of the company’s stock, valued at approximately $384,976.28. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Williams Partners (NYSE:WPZ) last released its earnings results 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). Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.48%. The ex-dividend date is Thursday, November 2nd. Williams Partners’s dividend payout ratio (DPR) is 143.71%.
A number of equities analysts have issued reports on WPZ shares. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. BidaskClub upgraded Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $44.00 target price on shares of Williams Partners in a report on Monday, October 16th. Finally, Barclays PLC upgraded Williams Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $44.00 to $47.00 in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $44.93.
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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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