CAPROCK Group Inc. Has $672,000 Stake in Williams Partners LP (WPZ)

CAPROCK Group Inc. continued to hold its position in shares of Williams Partners LP (NYSE:WPZ) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,454 shares of the pipeline company’s stock at the end of the first quarter. CAPROCK Group Inc.’s holdings in Williams Partners were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WPZ. Diversified Trust Co raised its position in shares of Williams Partners by 21.2% in the first quarter. Diversified Trust Co now owns 28,241 shares of the pipeline company’s stock valued at $1,153,000 after buying an additional 4,943 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of Williams Partners by 32.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,993,184 shares of the pipeline company’s stock valued at $81,382,000 after buying an additional 490,000 shares during the period. Telemus Capital LLC purchased a new position in shares of Williams Partners during the first quarter valued at about $461,000. Spirit of America Management Corp NY raised its position in shares of Williams Partners by 3.7% in the first quarter. Spirit of America Management Corp NY now owns 404,967 shares of the pipeline company’s stock valued at $16,535,000 after buying an additional 14,400 shares during the period. Finally, Creative Planning raised its position in shares of Williams Partners by 46.0% in the first quarter. Creative Planning now owns 23,756 shares of the pipeline company’s stock valued at $970,000 after buying an additional 7,480 shares during the period. 34.35% of the stock is owned by institutional investors.

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

Williams Partners LP (NYSE:WPZ) traded down 1.16% on Friday, hitting $40.75. 592,179 shares of the stock traded hands. Williams Partners LP has a 52 week low of $26.12 and a 52 week high of $42.32. The stock has a 50 day moving average of $40.52 and a 200 day moving average of $38.36. The firm’s market capitalization is $38.93 billion.

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Several brokerages have recently issued reports on WPZ. Citigroup Inc raised shares of Williams Partners from a “neutral” rating to a “buy” rating and boosted their price target for the company from $41.00 to $46.00 in a report on Friday, April 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Williams Partners in a research report on Friday, March 24th. BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Deutsche Bank AG started coverage on shares of Williams Partners in a research report on Friday, February 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, Credit Suisse Group AG started coverage on shares of Williams Partners in a research report on Thursday, January 26th. They issued a “neutral” rating and a $44.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $42.06.

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, and Natural gas liquid (NGL) & Petchem Services segments.

5 Day Chart for NYSE:WPZ

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