Parametric Portfolio Associates LLC Has $25.88 Million Position in Williams Partners LP (WPZ)

Parametric Portfolio Associates LLC boosted its holdings in Williams Partners LP (NYSE:WPZ) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 665,201 shares of the pipeline company’s stock after acquiring an additional 28,096 shares during the quarter. Parametric Portfolio Associates LLC owned 0.07% of Williams Partners worth $25,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in Williams Partners in the 2nd quarter valued at approximately $125,000. Pathstone Family Office LLC acquired a new stake in Williams Partners in the 2nd quarter valued at approximately $130,000. Saratoga Research & Investment Management acquired a new stake in Williams Partners in the 3rd quarter valued at approximately $188,000. Balentine LLC increased its position in Williams Partners by 10.6% in the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 457 shares during the period. Finally, Penserra Capital Management LLC increased its position in Williams Partners by 8.3% in the 2nd quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock valued at $194,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 22.47% of the company’s stock.

Several equities analysts have recently issued reports on the company. BidaskClub cut Williams Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Jefferies Group reiterated a “buy” rating and set a $44.00 price target on shares of Williams Partners in a research report on Monday, October 16th. Stifel Nicolaus set a $45.00 price target on Williams Partners and gave the company a “buy” rating in a research report on Friday, December 1st. Wells Fargo & Co lowered their price target on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 10th. Finally, BMO Capital Markets set a $47.00 price target on Williams Partners and gave the company a “buy” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Williams Partners presently has an average rating of “Buy” and an average target price of $45.15.

Shares of Williams Partners LP (NYSE:WPZ) opened at $38.67 on Monday. The firm has a market capitalization of $37,647.92, a price-to-earnings ratio of 25.44, a PEG ratio of 2.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06. Williams Partners LP has a one year low of $34.74 and a one year high of $42.32.

In other news, insider John D. Seldenrust sold 6,770 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $38.76, for a total transaction of $262,405.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan S. Armstrong acquired 5,000 shares of Williams Partners stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.

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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.

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

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