Williams Partners L.P. (NYSE:WPZ) insider John D. Seldenrust sold 9,023 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $37.67, for a total transaction of $339,896.41. Following the completion of the sale, the insider now directly owns 53,998 shares in the company, valued at $2,034,104.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Williams Partners L.P. (NYSE:WPZ) opened at 36.60 on Monday. The firm’s market cap is $21.56 billion. Williams Partners L.P. has a 52 week low of $12.69 and a 52 week high of $40.36. The company has a 50-day moving average of $36.97 and a 200-day moving average of $30.59.

Williams Partners L.P. (NYSE:WPZ) last issued its earnings results on Monday, August 1st. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.67. Williams Partners L.P. had a positive return on equity of 0.30% and a negative net margin of 25.63%. Equities research analysts forecast that Williams Partners L.P. will post $0.76 earnings per share for the current fiscal year.

Several equities research analysts recently commented on WPZ shares. Citigroup Inc. boosted their price objective on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, August 12th. Credit Suisse Group AG boosted their price objective on shares of Williams Partners L.P. from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. US Capital Advisors lowered shares of Williams Partners L.P. from an “overweight” rating to a “hold” rating in a research note on Thursday, September 8th. BMO Capital Markets reiterated a “hold” rating and issued a $26.00 price target on shares of Williams Partners L.P. in a research note on Thursday, July 7th. Finally, Morgan Stanley upgraded shares of Williams Partners L.P. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.60.

A number of hedge funds and other institutional investors have recently modified their holdings of WPZ. Stifel Financial Corp raised its position in shares of Williams Partners L.P. by 7.5% in the fourth quarter. Stifel Financial Corp now owns 601,510 shares of the company’s stock valued at $17,957,000 after buying an additional 42,002 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Williams Partners L.P. by 12.0% in the first quarter. Chicago Partners Investment Group LLC now owns 110,831 shares of the company’s stock valued at $2,266,000 after buying an additional 11,878 shares in the last quarter. Trust Asset Management LLC raised its position in shares of Williams Partners L.P. by 81.7% in the first quarter. Trust Asset Management LLC now owns 125,552 shares of the company’s stock valued at $2,568,000 after buying an additional 56,455 shares in the last quarter. IFP Advisors Inc raised its position in shares of Williams Partners L.P. by 4.5% in the first quarter. IFP Advisors Inc now owns 11,551 shares of the company’s stock valued at $236,000 after buying an additional 500 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Williams Partners L.P. by 6.7% in the first quarter. Bessemer Group Inc. now owns 7,856 shares of the company’s stock valued at $160,000 after buying an additional 491 shares in the last quarter. 36.15% of the stock is currently owned by institutional investors and hedge funds.

About Williams Partners L.P.

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.

5 Day Chart for NYSE:WPZ

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