Williams Partners LP (WPZ) Shares Bought by Neuberger Berman Group LLC
Neuberger Berman Group LLC raised its stake in Williams Partners LP (NYSE:WPZ) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,191 shares of the pipeline company’s stock after acquiring an additional 1,251 shares during the quarter. Neuberger Berman Group LLC’s holdings in Williams Partners were worth $2,334,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WPZ. American Century Companies Inc. purchased a new position in Williams Partners in the first quarter valued at about $429,000. US Bancorp DE boosted its stake in Williams Partners by 30.4% in the first quarter. US Bancorp DE now owns 38,329 shares of the pipeline company’s stock valued at $1,565,000 after acquiring an additional 8,945 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Williams Partners by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 108,485 shares of the pipeline company’s stock valued at $4,428,000 after acquiring an additional 4,807 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Williams Partners by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 164,341 shares of the pipeline company’s stock valued at $6,710,000 after acquiring an additional 3,191 shares during the last quarter. Finally, Airain ltd purchased a new position in Williams Partners in the first quarter valued at about $505,000. Hedge funds and other institutional investors own 22.77% of the company’s stock.
A number of research analysts have weighed in on WPZ shares. BidaskClub cut shares of Williams Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $44.00 price target on shares of Williams Partners in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, July 18th. BMO Capital Markets set a $47.00 price target on shares of Williams Partners and gave the company a “buy” rating in a research note on Monday, June 5th. Finally, TheStreet upgraded shares of Williams Partners from a “c+” rating to a “b-” rating in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.77.
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Williams Partners LP (NYSE WPZ) opened at 39.31 on Friday. The company has a market cap of $37.57 billion, a price-to-earnings ratio of 23.64 and a beta of 1.43. The stock has a 50 day moving average of $39.07 and a 200-day moving average of $39.88. Williams Partners LP has a one year low of $32.93 and a one year high of $42.32.
Williams Partners (NYSE:WPZ) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $2.13 billion. On average, equities analysts predict that Williams Partners LP will post $0.76 EPS for the current fiscal year.
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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