Capital Analysts LLC lifted its stake in shares of Williams Partners LP (NYSE:WPZ) by 1,432.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,865 shares of the pipeline company’s stock after buying an additional 6,417 shares during the quarter. Capital Analysts LLC’s holdings in Williams Partners were worth $191,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in WPZ. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Williams Partners during the second quarter worth approximately $241,000. First Trust Advisors LP grew its position in shares of Williams Partners by 107.5% during the third quarter. First Trust Advisors LP now owns 265,511 shares of the pipeline company’s stock worth $10,328,000 after buying an additional 137,581 shares in the last quarter. Huntington National Bank boosted its holdings in Williams Partners by 47.2% in the third quarter. Huntington National Bank now owns 55,158 shares of the pipeline company’s stock worth $2,146,000 after purchasing an additional 17,689 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Williams Partners by 37.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 497,100 shares of the pipeline company’s stock worth $19,337,000 after purchasing an additional 136,400 shares during the period. Finally, First Manhattan Co. boosted its holdings in Williams Partners by 65.8% in the third quarter. First Manhattan Co. now owns 87,528 shares of the pipeline company’s stock worth $3,404,000 after purchasing an additional 34,736 shares during the period. 21.78% of the stock is owned by institutional investors and hedge funds.
Shares of Williams Partners LP (WPZ) opened at $37.71 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $36,720.00, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 2.61 and a beta of 1.43. Williams Partners LP has a one year low of $34.74 and a one year high of $44.06.
A number of research firms have commented on WPZ. Stifel Nicolaus set a $48.00 price objective on shares of Williams Partners and gave the stock a “buy” rating in a report on Saturday, February 17th. Zacks Investment Research downgraded shares of Williams Partners from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Credit Suisse Group began coverage on shares of Williams Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $48.00 price objective for the company. Barclays downgraded shares of Williams Partners from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Wednesday, January 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Williams Partners in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.20.
In other Williams Partners 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 value of $262,405.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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Williams Partners 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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