Williams Partners LP (WPZ) Position Raised by Botty Investors LLC
Botty Investors LLC increased its stake in shares of Williams Partners LP (NYSE:WPZ) by 802.8% during the second quarter, Holdings Channel reports. The fund owned 11,583 shares of the pipeline company’s stock after buying an additional 10,300 shares during the period. Botty Investors LLC’s holdings in Williams Partners were worth $465,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of WPZ. RMB Capital Management LLC bought a new position in Williams Partners during the first quarter valued at about $407,000. Oppenheimer & Co. Inc. increased its position in Williams Partners by 10.7% in the first quarter. Oppenheimer & Co. Inc. now owns 21,252 shares of the pipeline company’s stock valued at $868,000 after buying an additional 2,048 shares during the last quarter. Blair William & Co. IL increased its position in Williams Partners by 1.0% in the first quarter. Blair William & Co. IL now owns 225,698 shares of the pipeline company’s stock valued at $9,110,000 after buying an additional 2,246 shares during the last quarter. Omega Advisors Inc. increased its position in Williams Partners by 4.0% in the first quarter. Omega Advisors Inc. now owns 749,000 shares of the pipeline company’s stock valued at $30,582,000 after buying an additional 29,000 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Williams Partners by 27.1% in the first quarter. Bank of America Corp DE now owns 2,077,039 shares of the pipeline company’s stock valued at $84,805,000 after buying an additional 443,352 shares during the last quarter. 23.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Williams Partners LP (WPZ) opened at 38.30 on Wednesday. The firm has a market capitalization of $36.61 billion, a PE ratio of 23.03 and a beta of 1.43. Williams Partners LP has a 52-week low of $32.93 and a 52-week high of $42.32. The company’s 50-day moving average is $40.14 and its 200 day moving average is $40.17.
Williams Partners (NYSE:WPZ) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.09. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.13 billion. Equities analysts expect that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend was Wednesday, August 2nd. Williams Partners’s payout ratio is 143.71%.
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Several equities analysts have issued reports on WPZ shares. BidaskClub raised shares of Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Credit Suisse Group raised shares of Williams Partners from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $45.00 to $47.00 in a report on Friday, May 12th. Zacks Investment Research upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, July 18th. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, TheStreet upgraded shares of Williams Partners from a “c+” rating to a “b-” rating in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Williams Partners currently has a consensus rating of “Buy” and a consensus price target of $44.77.
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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