Burke & Herbert Bank & Trust Co. bought a new position in Williams Partners L.P. (NYSE:WPZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,863 shares of the company’s stock, valued at approximately $203,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Williams Partners L.P. during the second quarter worth $118,459,000. ING Groep NV increased its stake in Williams Partners L.P. by 62.5% in the first quarter. ING Groep NV now owns 6,913,797 shares of the company’s stock worth $141,387,000 after buying an additional 2,659,597 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Williams Partners L.P. during the first quarter worth $43,289,000. Goldman Sachs Group Inc. increased its stake in Williams Partners L.P. by 12.4% in the first quarter. Goldman Sachs Group Inc. now owns 13,657,916 shares of the company’s stock worth $279,304,000 after buying an additional 1,508,477 shares during the last quarter. Finally, Omega Advisors Inc. purchased a new stake in Williams Partners L.P. during the first quarter worth $24,368,000. Institutional investors own 36.16% of the company’s stock.
Shares of Williams Partners L.P. (NYSE:WPZ) traded down 2.38% during trading on Tuesday, hitting $35.74. The company had a trading volume of 1,162,907 shares. The stock’s 50-day moving average price is $37.40 and its 200 day moving average price is $32.33. The company’s market capitalization is $21.05 billion. Williams Partners L.P. has a 52 week low of $12.69 and a 52 week high of $40.36.
Williams Partners L.P. (NYSE:WPZ) last released its earnings results on Monday, August 1st. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.67. Williams Partners L.P. had a positive return on equity of 0.30% and a negative net margin of 25.63%. On average, equities research analysts forecast that Williams Partners L.P. will post $0.76 earnings per share for the current year.
A number of analysts recently weighed in on WPZ shares. BMO Capital Markets restated a “hold” rating and issued a $26.00 target price on shares of Williams Partners L.P. in a research report on Thursday, July 7th. Citigroup Inc. started coverage on Williams Partners L.P. in a research report on Friday, July 22nd. They issued a “neutral” rating and a $40.00 target price for the company. Morgan Stanley upgraded Williams Partners L.P. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 2nd. Credit Suisse Group AG set a $38.00 target price on Williams Partners L.P. and gave the stock a “hold” rating in a research report on Sunday, August 14th. Finally, Jefferies Group downgraded Williams Partners L.P. from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Monday, July 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Williams Partners L.P. has a consensus rating of “Hold” and an average target price of $39.00.
In related news, insider John D. Seldenrust sold 9,023 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $37.67, for a total transaction of $339,896.41. Following the completion of the sale, the insider now owns 53,998 shares in the company, valued at $2,034,104.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Williams Partners L.P. Company Profile
Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.
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