Castleton Investment Management LLC reduced its holdings in shares of Williams Partners LP (NYSE:WPZ) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,000 shares of the pipeline company’s stock after selling 2,000 shares during the quarter. Williams Partners makes up approximately 1.0% of Castleton Investment Management LLC’s holdings, making the stock its 28th biggest position. Castleton Investment Management LLC’s holdings in Williams Partners were worth $2,801,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of WPZ. Captrust Financial Advisors bought a new position in shares of Williams Partners during the 2nd quarter worth approximately $125,000. Pathstone Family Office LLC bought a new position in shares of Williams Partners during the 2nd quarter worth approximately $130,000. Saratoga Research & Investment Management bought a new position in shares of Williams Partners during the 3rd quarter worth approximately $188,000. Balentine LLC grew its stake in shares of Williams Partners by 10.6% during the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 457 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Williams Partners by 8.3% during the 2nd quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock worth $194,000 after acquiring an additional 374 shares in the last quarter. 22.47% of the stock is owned by institutional investors.
In other Williams Partners news, CEO Alan S. Armstrong purchased 5,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $35.00 per share, with a total value of $175,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director H Brent Austin purchased 1,000 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were acquired at an average cost of $38.66 per share, with a total value of $38,660.00. Following the acquisition, the director now directly owns 9,958 shares in the company, valued at $384,976.28. The disclosure for this purchase can be found here.
Williams Partners LP (WPZ) traded down $0.58 during midday trading on Wednesday, hitting $36.35. The stock had a trading volume of 641,500 shares, compared to its average volume of 1,175,585. The firm has a market cap of $35,963.21, a P/E ratio of 24.30, a PEG ratio of 2.74 and a beta of 1.43. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. 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. Shareholders of record on Friday, November 3rd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.60%. The ex-dividend date was Thursday, November 2nd. Williams Partners’s dividend payout ratio is 157.90%.
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Williams Partners 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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