Whittier Trust Co. of Nevada Inc. Has $140,000 Position in Williams Partners LP (NYSE:WPZ)

Whittier Trust Co. of Nevada Inc. continued to hold its stake in Williams Partners LP (NYSE:WPZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,494 shares of the pipeline company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Williams Partners were worth $140,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WPZ. US Bancorp DE raised its stake in Williams Partners by 14.1% in the second quarter. US Bancorp DE now owns 43,745 shares of the pipeline company’s stock valued at $1,754,000 after buying an additional 5,416 shares during the last quarter. Roanoke Asset Management Corp NY raised its stake in Williams Partners by 24.1% in the second quarter. Roanoke Asset Management Corp NY now owns 11,013 shares of the pipeline company’s stock valued at $442,000 after buying an additional 2,140 shares during the last quarter. Diversified Trust Co raised its stake in Williams Partners by 41.0% in the second quarter. Diversified Trust Co now owns 39,816 shares of the pipeline company’s stock valued at $1,597,000 after buying an additional 11,575 shares during the last quarter. Spirit of America Management Corp NY raised its stake in 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 valued at $20,515,000 after buying an additional 106,500 shares during the last quarter. Finally, Trust Asset Management LLC raised its stake 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. Institutional investors and hedge funds own 23.55% of the company’s stock.

Shares of Williams Partners LP (WPZ) traded up 0.08% during trading on Friday, hitting $37.74. The stock had a trading volume of 560,549 shares. The company’s 50 day moving average price is $40.03 and its 200 day moving average price is $40.11. Williams Partners LP has a 52 week low of $32.93 and a 52 week high of $42.32. The company has a market capitalization of $36.07 billion, a price-to-earnings ratio of 22.69 and a beta of 1.43.

Williams Partners (NYSE:WPZ) last posted its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. Analysts predict that Williams Partners LP will post $0.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were issued a $0.60 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.36%. Williams Partners’s dividend payout ratio (DPR) is presently 143.71%.

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Several research firms recently issued reports on WPZ. BidaskClub lowered Williams Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered Williams Partners from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 target price on shares of Williams Partners in a report on Friday, July 21st. Barclays PLC upgraded Williams Partners from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $44.00 to $47.00 in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC upgraded Williams Partners from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $44.00 in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for Williams Partners (NYSE:WPZ)

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