Dividend Assets Capital LLC lessened its position in shares of Williams Partners LP (NYSE:WPZ) by 40.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 268,590 shares of the pipeline company’s stock after selling 182,140 shares during the period. Dividend Assets Capital LLC’s holdings in Williams Partners were worth $10,448,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in Williams Partners during the 2nd quarter worth approximately $241,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Williams Partners by 10.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 214,000 shares of the pipeline company’s stock worth $8,584,000 after acquiring an additional 20,000 shares in the last quarter. Trust Asset Management LLC grew its holdings in Williams Partners by 1.5% during the 2nd quarter. Trust Asset Management LLC now owns 138,461 shares of the pipeline company’s stock worth $5,554,000 after acquiring an additional 2,062 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Williams Partners by 36.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,065 shares of the pipeline company’s stock worth $1,366,000 after acquiring an additional 9,015 shares in the last quarter. Finally, BB&T Securities LLC boosted its holdings in shares of Williams Partners by 5.4% in the 2nd quarter. BB&T Securities LLC now owns 18,783 shares of the pipeline company’s stock valued at $753,000 after buying an additional 961 shares in the last quarter. Institutional investors own 22.78% of the company’s stock.
In other Williams Partners news, Director H Brent Austin purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was purchased at an average price of $38.66 per share, for a total transaction of $38,660.00. Following the purchase, the director now directly owns 9,958 shares in the company, valued at $384,976.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several brokerages have recently issued reports on WPZ. BidaskClub cut shares of Williams Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $44.00 target price on shares of Williams Partners in a report on Tuesday, August 22nd. TheStreet cut shares of Williams Partners from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Wolfe Research began coverage on shares of Williams Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $45.00 target price for the company. Finally, BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the company a “buy” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned 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 $44.93.
Shares of Williams Partners LP (WPZ) traded down $0.93 during trading hours on Tuesday, reaching $36.23. 874,900 shares of the company were exchanged, compared to its average volume of 1,165,748. The firm has a market cap of $36,187.19, a PE ratio of 24.45, a P/E/G ratio of 2.72 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06. Williams Partners LP has a 12-month low of $33.12 and a 12-month high of $42.32.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend was Thursday, November 2nd. Williams Partners’s dividend payout ratio is currently 157.90%.
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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