Hollencrest Securities LLC Boosts Position in Williams Partners LP (WPZ)

Hollencrest Securities LLC boosted its stake in shares of Williams Partners LP (NYSE:WPZ) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,038 shares of the pipeline company’s stock after buying an additional 34,179 shares during the period. Williams Partners comprises approximately 1.3% of Hollencrest Securities LLC’s holdings, making the stock its 13th largest position. Hollencrest Securities LLC’s holdings in Williams Partners were worth $9,147,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. BOKF NA raised its stake in Williams Partners by 2.4% in the third quarter. BOKF NA now owns 6,887 shares of the pipeline company’s stock valued at $257,000 after buying an additional 162 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Williams Partners by 3.1% in the third quarter. Stratos Wealth Partners LTD. now owns 9,008 shares of the pipeline company’s stock valued at $335,000 after buying an additional 268 shares during the period. Texas Yale Capital Corp. increased its stake in Williams Partners by 0.4% in the fourth quarter. Texas Yale Capital Corp. now owns 92,598 shares of the pipeline company’s stock valued at $3,522,000 after buying an additional 350 shares during the period. Commonwealth Equity Services Inc increased its stake in Williams Partners by 1.7% in the third quarter. Commonwealth Equity Services Inc now owns 22,704 shares of the pipeline company’s stock valued at $844,000 after buying an additional 381 shares during the period. Finally, Mosaic Family Wealth LLC increased its stake in Williams Partners by 3.9% in the third quarter. Mosaic Family Wealth LLC now owns 18,766 shares of the pipeline company’s stock valued at $698,000 after buying an additional 696 shares during the period. Institutional investors own 34.35% of the company’s stock.

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

Williams Partners LP (NYSE:WPZ) traded down 1.16% during mid-day trading on Friday, reaching $40.75. The company had a trading volume of 592,179 shares. The firm’s market capitalization is $38.93 billion. The stock’s 50-day moving average price is $40.52 and its 200 day moving average price is $38.36. Williams Partners LP has a 52 week low of $26.12 and a 52 week high of $42.32.

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Several research firms have commented on WPZ. Citigroup Inc raised Williams Partners from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $41.00 to $46.00 in a report on Friday, April 7th. Morgan Stanley reissued an “overweight” rating and issued a $40.00 target price on shares of Williams Partners in a report on Thursday, December 22nd. Wells Fargo & Co raised Williams Partners from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 11th. Royal Bank of Canada reissued a “hold” rating and issued a $43.00 target price on shares of Williams Partners in a report on Friday, March 24th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $39.00 target price on shares of Williams Partners in a report on Wednesday, January 11th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Partners presently has a consensus rating of “Buy” and an average price target 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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