Williams Partners LP (NYSE:WPZ) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 732 put options on the stock. This represents an increase of 1,009% compared to the average volume of 66 put options.

Williams Partners (WPZ) opened at $38.76 on Tuesday. The firm has a market capitalization of $37,053.89, a PE ratio of 25.03, a P/E/G ratio of 2.83 and a beta of 1.43. Williams Partners has a 12 month low of $34.74 and a 12 month high of $42.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99.

Several equities research analysts have commented on the stock. Stifel Nicolaus set a $45.00 price target on shares of Williams Partners and gave the stock a “buy” rating in a research report on Friday, December 1st. BidaskClub cut Williams Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $44.00 price target on shares of Williams Partners in a research note on Monday, October 16th. BMO Capital Markets set a $47.00 price target on Williams Partners and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Wells Fargo & Company dropped their price target on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.71.

In other Williams Partners news, Director H Brent Austin purchased 1,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were purchased at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the completion of the transaction, the director now owns 9,958 shares in the company, valued at $384,976.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan S. Armstrong purchased 5,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $35.00 per share, for a total transaction of $175,000.00. The disclosure for this purchase can be found here.

A number of large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its stake in Williams Partners by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock valued at $223,000 after acquiring an additional 67 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in Williams Partners by 1.1% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,025 shares of the pipeline company’s stock valued at $282,000 after acquiring an additional 75 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in Williams Partners by 0.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 9,722 shares of the pipeline company’s stock valued at $390,000 after acquiring an additional 76 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Williams Partners by 2.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,621 shares of the pipeline company’s stock valued at $506,000 after acquiring an additional 263 shares in the last quarter. Finally, Kings Point Capital Management grew its stake in Williams Partners by 0.9% during the 2nd quarter. Kings Point Capital Management now owns 34,269 shares of the pipeline company’s stock valued at $1,375,000 after acquiring an additional 316 shares in the last quarter. 22.47% of the stock is currently owned by institutional investors.

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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 segment.

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