Diversified Trust Co raised its position in Williams Partners LP (NYSE:WPZ) by 41.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,816 shares of the pipeline company’s stock after buying an additional 11,575 shares during the period. Diversified Trust Co’s holdings in Williams Partners were worth $1,597,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of WPZ. Spirit of America Management Corp NY increased its position in shares of Williams Partners by 26.3% in the second quarter. Spirit of America Management Corp NY now owns 511,467 shares of the pipeline company’s stock worth $20,515,000 after buying an additional 106,500 shares during the period. Trust Asset Management LLC increased its position in Williams Partners by 1.5% in the second quarter. Trust Asset Management LLC now owns 138,461 shares of the pipeline company’s stock valued at $5,554,000 after buying an additional 2,062 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in Williams Partners by 198.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 16,681 shares of the pipeline company’s stock valued at $673,000 after buying an additional 11,087 shares during the last quarter. Virtu Financial LLC increased its position in Williams Partners by 178.6% in the second quarter. Virtu Financial LLC now owns 134,359 shares of the pipeline company’s stock valued at $5,389,000 after buying an additional 86,140 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Williams Partners by 14.8% in the second quarter. Bank of Montreal Can now owns 5,022,071 shares of the pipeline company’s stock valued at $201,435,000 after buying an additional 648,309 shares during the last quarter. 23.94% of the stock is owned by institutional investors and hedge funds.
Williams Partners LP (NYSE WPZ) traded up 0.23% on Friday, reaching $38.66. The company’s stock had a trading volume of 1,004,591 shares. Williams Partners LP has a 1-year low of $32.93 and a 1-year high of $42.32. The stock has a 50 day moving average price of $40.10 and a 200-day moving average price of $40.22. The company has a market capitalization of $36.95 billion, a price-to-earnings ratio of 23.25 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last released 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 net margin of 18.13% and a return on equity of 5.39%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.13 billion. Equities analysts predict that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date was Wednesday, August 2nd. Williams Partners’s dividend payout ratio is currently 143.71%.
Several research firms recently weighed in on WPZ. Zacks Investment Research raised Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, July 18th. Barclays PLC raised Williams Partners from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $44.00 to $47.00 in a research note on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a research note on Friday, July 21st. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Credit Suisse Group raised Williams Partners from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $45.00 to $47.00 in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.77.
About Williams Partners
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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