Williams Partners LP (WPZ) Stake Held by Nicholas Co. Inc. WI
Nicholas Co. Inc. WI maintained its position in shares of Williams Partners LP (NYSE:WPZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,131 shares of the company’s stock at the end of the fourth quarter. Nicholas Co. Inc. WI’s holdings in Williams Partners were worth $6,774,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP boosted its position in shares of Williams Partners by 9.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 20,039,299 shares of the company’s stock worth $694,145,000 after buying an additional 1,756,599 shares during the period. Alps Advisors Inc. boosted its position in shares of Williams Partners by 2.5% in the third quarter. Alps Advisors Inc. now owns 15,823,537 shares of the company’s stock worth $588,477,000 after buying an additional 390,809 shares during the period. Harvest Fund Advisors LLC boosted its position in shares of Williams Partners by 29.3% in the second quarter. Harvest Fund Advisors LLC now owns 8,450,894 shares of the company’s stock worth $292,739,000 after buying an additional 1,913,034 shares during the period. Advisory Research Inc. boosted its position in shares of Williams Partners by 13.8% in the second quarter. Advisory Research Inc. now owns 5,290,123 shares of the company’s stock worth $183,250,000 after buying an additional 640,052 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of 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 company’s stock worth $105,905,000 after buying an additional 52,753 shares during the period. Institutional investors own 34.35% of the company’s stock.
Shares of Williams Partners LP (NYSE:WPZ) traded down 1.53% during midday trading on Thursday, hitting $39.88. The stock had a trading volume of 1,287,217 shares. Williams Partners LP has a one year low of $16.02 and a one year high of $42.32. The stock has a 50 day moving average of $40.11 and a 200-day moving average of $37.29. The company’s market cap is $23.77 billion.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Friday, February 3rd were paid a $0.85 dividend. The ex-dividend date was Wednesday, February 1st. This represents a $3.40 annualized dividend and a yield of 8.53%. Williams Partners’s payout ratio is currently -115.65%.
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A number of equities analysts recently commented on WPZ shares. Zacks Investment Research cut Williams Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 1st. Stifel Nicolaus upgraded Williams Partners from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $43.00 in a report on Tuesday, January 10th. Wells Fargo & Company upgraded Williams Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 11th. Credit Suisse Group initiated coverage on Williams Partners in a research note on Thursday, January 26th. They issued a “neutral” rating and a $44.00 price objective for the company. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $37.00 price objective on shares of Williams Partners in a research note on Monday, December 5th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.13.
About Williams Partners
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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