Rational Advisors LLC acquired a new position in Williams Partners LP (NYSE:WPZ) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 44,680 shares of the pipeline company’s stock, valued at approximately $1,738,000. Williams Partners accounts for approximately 0.9% of Rational Advisors LLC’s portfolio, making the stock its 26th largest holding.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its holdings in shares of Williams Partners by 11.4% in the 3rd quarter. Alps Advisors Inc. now owns 20,559,321 shares of the pipeline company’s stock worth $799,758,000 after acquiring an additional 2,105,286 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Williams Partners by 2.4% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 11,413,024 shares of the pipeline company’s stock worth $457,776,000 after acquiring an additional 263,922 shares during the period. Center Coast Capital Advisors LP increased its holdings in shares of Williams Partners by 39.8% in the 3rd quarter. Center Coast Capital Advisors LP now owns 6,387,628 shares of the pipeline company’s stock worth $248,479,000 after acquiring an additional 1,817,243 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Williams Partners by 5.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,153,748 shares of the pipeline company’s stock worth $126,497,000 after acquiring an additional 163,191 shares during the period. Finally, Eagle Global Advisors LLC increased its holdings in shares of Williams Partners by 14.3% in the 2nd quarter. Eagle Global Advisors LLC now owns 2,380,412 shares of the pipeline company’s stock worth $95,478,000 after acquiring an additional 297,345 shares during the period. 21.65% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director H Brent Austin purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was acquired at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the completion of the acquisition, the director now owns 9,958 shares in the company, valued at approximately $384,976.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan S. Armstrong purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.
Shares of Williams Partners LP (WPZ) traded up $0.22 on Monday, hitting $35.24. 1,073,800 shares of the company’s stock traded hands, compared to its average volume of 1,165,246. Williams Partners LP has a one year low of $33.12 and a one year high of $42.32. The firm has a market capitalization of $34,320.00, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.58 and a beta of 1.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Thursday, November 2nd. Williams Partners’s payout ratio is 171.43%.
Several research firms have commented on WPZ. BidaskClub cut shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Jefferies Group LLC reissued a “buy” rating and set a $44.00 target price on shares of Williams Partners in a research note on Monday, October 16th. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the company a “buy” rating in a research note on Friday, October 13th. Wells Fargo & Company lowered their target price on shares of Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. Finally, Wolfe Research began coverage on shares of Williams Partners in a research note on Monday, September 25th. They set an “outperform” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.93.
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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