BlackRock Advisors LLC decreased its position in shares of Williams Partners L.P. (NYSE:WPZ) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,274 shares of the company’s stock after selling 3,895 shares during the period. BlackRock Advisors LLC owned 0.06% of Williams Partners L.P. worth $12,133,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Sandy Spring Bank raised its stake in Williams Partners L.P. by 21.7% in the second quarter. Sandy Spring Bank now owns 9,390 shares of the company’s stock worth $325,000 after buying an additional 1,677 shares during the last quarter. Capital Advisors Inc. OK bought a new stake in Williams Partners L.P. during the second quarter worth approximately $540,000. Oppenheimer & Co. Inc. raised its stake in Williams Partners L.P. by 125.3% in the second quarter. Oppenheimer & Co. Inc. now owns 39,156 shares of the company’s stock worth $1,356,000 after buying an additional 21,776 shares during the last quarter. Moors & Cabot Inc. raised its stake in Williams Partners L.P. by 0.9% in the second quarter. Moors & Cabot Inc. now owns 104,499 shares of the company’s stock worth $3,620,000 after buying an additional 945 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in Williams Partners L.P. by 1.3% in the second quarter. Stephens Inc. AR now owns 26,135 shares of the company’s stock worth $905,000 after buying an additional 325 shares during the last quarter. 36.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Williams Partners L.P. (NYSE:WPZ) opened at 36.45 on Friday. The company’s 50 day moving average price is $37.41 and its 200 day moving average price is $32.50. Williams Partners L.P. has a one year low of $12.69 and a one year high of $40.36. The stock’s market capitalization is $21.47 billion.
Williams Partners L.P. (NYSE:WPZ) last issued its earnings results on Monday, August 1st. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.67. Williams Partners L.P. had a negative net margin of 25.63% and a positive return on equity of 0.30%. On average, equities analysts expect that Williams Partners L.P. will post $0.76 earnings per share for the current year.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Williams Partners L.P. from a “strong sell” rating to a “hold” rating in a research report on Thursday. Stephens assumed coverage on Williams Partners L.P. in a research report on Thursday, September 29th. They set an “overweight” rating and a $43.00 target price on the stock. US Capital Advisors downgraded Williams Partners L.P. from an “overweight” rating to a “hold” rating in a research report on Thursday, September 8th. 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 21st. Finally, Citigroup Inc. increased their target price on Williams Partners L.P. from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 12th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.
In other Williams Partners L.P. news, insider John D. Seldenrust sold 9,023 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $37.67, for a total value of $339,896.41. Following the transaction, the insider now owns 53,998 shares in the company, valued at $2,034,104.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
About Williams Partners L.P.
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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