Eagle Global Advisors LLC raised its stake in Williams Partners LP (NYSE:WPZ) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 2,057,552 shares of the pipeline company’s stock after acquiring an additional 2,504 shares during the period. Williams Partners accounts for 2.5% of Eagle Global Advisors LLC’s portfolio, making the stock its 13th biggest position. Eagle Global Advisors LLC’s holdings in Williams Partners were worth $79,792,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Williams Partners by 15.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,636,305 shares of the pipeline company’s stock valued at $141,452,000 after purchasing an additional 482,557 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Williams Partners by 289.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 226,881 shares of the pipeline company’s stock valued at $8,826,000 after purchasing an additional 168,690 shares during the last quarter. Cincinnati Insurance Co. grew its stake in shares of Williams Partners by 21.6% in the 3rd quarter. Cincinnati Insurance Co. now owns 143,438 shares of the pipeline company’s stock valued at $5,580,000 after purchasing an additional 25,486 shares during the last quarter. Patten Group Inc. grew its stake in shares of Williams Partners by 406.1% in the 3rd quarter. Patten Group Inc. now owns 51,430 shares of the pipeline company’s stock valued at $403,000 after purchasing an additional 41,268 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Williams Partners by 19.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 471,826 shares of the pipeline company’s stock valued at $18,354,000 after purchasing an additional 78,301 shares during the last quarter. Institutional investors own 21.78% of the company’s stock.
A number of research firms recently weighed in on WPZ. Royal Bank of Canada restated a “hold” rating and issued a $47.00 price target on shares of Williams Partners in a research note on Tuesday, January 16th. Stifel Nicolaus set a $48.00 price target on Williams Partners and gave the company a “buy” rating in a research note on Saturday, February 17th. Credit Suisse Group began coverage on Williams Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $48.00 price target on the stock. US Capital Advisors upgraded Williams Partners from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Jefferies Group restated a “buy” rating and issued a $45.00 price target on shares of Williams Partners in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $46.20.
Williams Partners LP (WPZ) opened at $37.23 on Tuesday. The stock has a market capitalization of $36,722.79, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.59 and a beta of 1.42. Williams Partners LP has a 1-year low of $34.74 and a 1-year high of $44.06. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.68.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $2.40 annualized dividend and a yield of 6.45%. Williams Partners’s dividend payout ratio is presently 258.06%.
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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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