Harvest Fund Advisors LLC Acquires 4,436,790 Shares of Williams Partners LP (WPZ)

Harvest Fund Advisors LLC increased its holdings in shares of Williams Partners LP (NYSE:WPZ) by 32.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,102,427 shares of the pipeline company’s stock after buying an additional 4,436,790 shares during the period. Williams Partners comprises approximately 7.3% of Harvest Fund Advisors LLC’s portfolio, making the stock its 4th largest position. Harvest Fund Advisors LLC owned 1.86% of Williams Partners worth $704,184,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WPZ. Center Coast Capital Advisors LP bought a new position in Williams Partners during the 2nd quarter worth approximately $183,318,000. Alps Advisors Inc. raised its holdings in Williams Partners by 11.4% during the 3rd quarter. Alps Advisors Inc. now owns 20,559,321 shares of the pipeline company’s stock worth $799,758,000 after purchasing an additional 2,105,286 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in Williams Partners by 9,962.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,428,863 shares of the pipeline company’s stock worth $57,312,000 after purchasing an additional 1,414,663 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Williams Partners by 297.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 653,260 shares of the pipeline company’s stock worth $26,202,000 after purchasing an additional 488,919 shares during the last quarter. Finally, HITE Hedge Asset Management LLC bought a new position in Williams Partners during the 2nd quarter worth approximately $13,490,000. Institutional investors and hedge funds own 21.65% of the company’s stock.

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Williams Partners LP (NYSE:WPZ) traded up $0.14 during trading hours on Friday, hitting $35.19. 1,721,100 shares of the stock traded hands, compared to its average volume of 1,165,069. The company has a market cap of $34,268.76, a price-to-earnings ratio of 23.15, a P/E/G ratio of 2.58 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. Williams Partners LP has a 12 month low of $33.12 and a 12 month high of $42.32.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were paid a $0.60 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $2.40 annualized dividend and a dividend yield of 6.82%. Williams Partners’s dividend payout ratio is currently 157.90%.

In related news, Director H Brent Austin acquired 1,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was bought at an average price of $38.66 per share, for a total transaction of $38,660.00. Following the purchase, the director now directly owns 9,958 shares of the company’s stock, valued at approximately $384,976.28. The acquisition 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 the stock in a transaction dated Wednesday, November 15th. The stock was 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.

WPZ has been the subject of several analyst reports. BidaskClub lowered shares of Williams Partners from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Jefferies Group LLC restated a “buy” rating and set a $44.00 price target on shares of Williams Partners in a report on Monday, October 16th. Wells Fargo & Company lowered their price target on shares of Williams Partners from $49.00 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, October 10th. BMO Capital Markets set a $47.00 price target on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Wolfe Research initiated coverage on shares of Williams Partners in a report on Monday, September 25th. They set an “outperform” rating and a $45.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus 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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Institutional Ownership by Quarter for Williams Partners (NYSE:WPZ)

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