Williams Partners LP (WPZ) Holdings Maintained by Barings LLC
Barings LLC maintained its stake in Williams Partners LP (NYSE:WPZ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,424 shares of the pipeline company’s stock at the close of the second quarter. Barings LLC’s holdings in Williams Partners were worth $6,591,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in WPZ. Alps Advisors Inc. lifted its stake in shares of Williams Partners by 3.6% in the second quarter. Alps Advisors Inc. now owns 18,454,035 shares of the pipeline company’s stock valued at $740,191,000 after buying an additional 639,747 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in Williams Partners by 2.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 11,413,024 shares of the pipeline company’s stock worth $457,776,000 after buying an additional 263,922 shares in the last quarter. UBS Group AG grew its position in Williams Partners by 12.5% during the first quarter. UBS Group AG now owns 7,766,761 shares of the pipeline company’s stock worth $317,117,000 after buying an additional 865,490 shares in the last quarter. Clearbridge Investments LLC grew its position in Williams Partners by 85.4% during the first quarter. Clearbridge Investments LLC now owns 5,404,291 shares of the pipeline company’s stock worth $220,657,000 after buying an additional 2,489,110 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Williams Partners by 14.8% during the second quarter. Bank of Montreal Can now owns 5,022,071 shares of the pipeline company’s stock worth $201,435,000 after buying an additional 648,309 shares in the last quarter. 22.76% of the stock is owned by institutional investors and hedge funds.
Williams Partners LP (WPZ) traded down 0.30% on Wednesday, reaching $39.25. The company’s stock had a trading volume of 178,357 shares. Williams Partners LP has a 12 month low of $32.93 and a 12 month high of $42.32. The company has a 50-day moving average price of $38.80 and a 200 day moving average price of $39.77. The company has a market cap of $37.52 billion, a P/E ratio of 23.60 and a beta of 1.40.
Williams Partners (NYSE:WPZ) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.09). Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.13 billion. On average, equities research analysts anticipate that Williams Partners LP will post $0.76 EPS for the current fiscal year.
WPZ has been the topic of several research reports. BidaskClub lowered Williams Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Jefferies Group LLC set a $42.00 price objective on Williams Partners and gave the stock a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded Williams Partners from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Barclays PLC raised Williams Partners from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $44.00 to $47.00 in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $48.00 price objective on shares of Williams Partners in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Williams Partners has a consensus rating of “Buy” and a consensus target price of $44.92.
In related news, Director H Brent Austin bought 1,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was purchased at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the transaction, the director now owns 9,958 shares in the company, valued at approximately $384,976.28. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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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