Duff & Phelps Investment Management Co. held its stake in Williams Partners L.P. (NYSE:WPZ) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,403,184 shares of the company’s stock at the end of the second quarter. Duff & Phelps Investment Management Co.’s holdings in Williams Partners L.P. were worth $48,606,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Williams Partners L.P. during the second quarter valued at $118,459,000. Renaissance Technologies LLC purchased a new stake in Williams Partners L.P. during the first quarter valued at $43,289,000. Goldman Sachs Group Inc. increased its stake in Williams Partners L.P. by 12.4% in the first quarter. Goldman Sachs Group Inc. now owns 13,657,916 shares of the company’s stock valued at $279,304,000 after buying an additional 1,508,477 shares during the last quarter. Omega Advisors Inc. purchased a new stake in Williams Partners L.P. during the first quarter valued at $24,368,000. Finally, Harvest Fund Advisors LLC increased its stake in Williams Partners L.P. by 19.0% in the first quarter. Harvest Fund Advisors LLC now owns 6,537,860 shares of the company’s stock valued at $133,699,000 after buying an additional 1,044,910 shares during the last quarter. Institutional investors and hedge funds own 36.19% of the company’s stock.
Shares of Williams Partners L.P. (NYSE:WPZ) traded up 1.93% on Wednesday, reaching $37.50. The company’s stock had a trading volume of 1,747,423 shares. Williams Partners L.P. has a 1-year low of $12.69 and a 1-year high of $40.36. The stock has a 50-day moving average price of $37.34 and a 200-day moving average price of $33.59. The company’s market capitalization is $22.09 billion.
Williams Partners L.P. (NYSE:WPZ) last posted its quarterly earnings results on Monday, August 1st. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.67. Williams Partners L.P. had a negative net margin of 25.63% and a positive return on equity of 0.30%. On average, equities research analysts forecast that Williams Partners L.P. will post $0.76 EPS for the current year.
Several equities analysts have issued reports on the company. Royal Bank Of Canada cut their target price on Williams Partners L.P. from $54.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 30th. BMO Capital Markets reiterated a “hold” rating and issued a $26.00 target price on shares of Williams Partners L.P. in a research note on Thursday, July 7th. Citigroup Inc. assumed coverage on Williams Partners L.P. in a research note on Friday, July 22nd. They issued a “neutral” rating and a $40.00 target price on the stock. Jefferies Group lowered Williams Partners L.P. from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Monday, July 25th. Finally, Credit Suisse Group AG lifted their target price on Williams Partners L.P. from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.00.
In other news, insider John D. Seldenrust sold 9,023 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $37.67, for a total value of $339,896.41. Following the transaction, the insider now owns 53,998 shares in the company, valued at approximately $2,034,104.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Williams Partners L.P. Company Profile
Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.
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