University of Texas Investment Managment Co. maintained its position in shares of Williams Partners LP (NYSE:WPZ) during the first quarter, Holdings Channel reports. The fund owned 172,732 shares of the pipeline company’s stock at the end of the first quarter. Williams Partners accounts for 18.4% of University of Texas Investment Managment Co.’s holdings, making the stock its largest position. University of Texas Investment Managment Co.’s holdings in Williams Partners were worth $7,053,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. raised its stake in Williams Partners by 2.5% in the third quarter. Alps Advisors Inc. now owns 15,823,537 shares of the pipeline company’s stock worth $588,477,000 after buying an additional 390,809 shares during the period. Appaloosa LP raised its stake in Williams Partners by 2.4% in the fourth quarter. Appaloosa LP now owns 9,487,301 shares of the pipeline company’s stock worth $360,802,000 after buying an additional 220,437 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Williams Partners by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,784,767 shares of the pipeline company’s stock worth $105,905,000 after buying an additional 52,753 shares during the period. Energy Income Partners LLC acquired a new stake in Williams Partners during the fourth quarter worth about $93,211,000. Finally, Miller Howard Investments Inc. NY acquired a new stake in Williams Partners during the third quarter worth about $83,760,000. Hedge funds and other institutional investors own 34.35% of the company’s stock.

Institutional Ownership by Quarter for Williams Partners (NYSE:WPZ)

Williams Partners LP (NYSE:WPZ) traded up 0.46% on Thursday, hitting $41.23. 564,828 shares of the company were exchanged. The stock’s market cap is $39.39 billion. The firm has a 50 day moving average of $40.50 and a 200-day moving average of $38.33. Williams Partners LP has a 52-week low of $26.12 and a 52-week high of $42.32.

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A number of equities research analysts have issued reports on the stock. Citigroup Inc upgraded shares of Williams Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $41.00 to $46.00 in a report on Friday, April 7th. Morgan Stanley reiterated an “overweight” rating and set a $40.00 target price on shares of Williams Partners in a report on Thursday, December 22nd. Wells Fargo & Co upgraded shares of Williams Partners from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 11th. Royal Bank of Canada reiterated a “hold” rating and set a $43.00 target price on shares of Williams Partners in a report on Friday, March 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $39.00 target price on shares of Williams Partners in a report on Wednesday, January 11th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $42.06.

Williams Partners Company 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, and Natural gas liquid (NGL) & Petchem Services segments.

5 Day Chart for NYSE:WPZ

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