Oppenheimer & Co. Inc. decreased its holdings in Williams Partners LP (NYSE:WPZ) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,265 shares of the pipeline company’s stock after selling 1,987 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Williams Partners were worth $773,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp raised its position in Williams Partners by 0.5% in the 1st quarter. Fifth Third Bancorp now owns 10,034 shares of the pipeline company’s stock worth $410,000 after buying an additional 49 shares during the last quarter. Camelot Portfolios LLC raised its position in Williams Partners by 0.9% in the 2nd quarter. Camelot Portfolios LLC now owns 6,885 shares of the pipeline company’s stock worth $276,000 after buying an additional 60 shares during the last quarter. Cutter & CO Brokerage Inc. raised its position in Williams Partners by 1.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,025 shares of the pipeline company’s stock worth $282,000 after buying an additional 75 shares during the last quarter. Patten Group Inc. raised its position in Williams Partners by 0.9% in the 1st quarter. Patten Group Inc. now owns 8,415 shares of the pipeline company’s stock worth $353,000 after buying an additional 79 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Williams Partners by 1.6% in the 2nd quarter. IFP Advisors Inc now owns 11,379 shares of the pipeline company’s stock worth $456,000 after buying an additional 181 shares during the last quarter. 22.77% of the stock is owned by institutional investors and hedge funds.
WPZ has been the subject of a number of recent analyst reports. TheStreet raised Williams Partners from a “c+” rating to a “b-” rating in a research report on Tuesday, May 30th. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 target price on shares of Williams Partners in a research report on Friday, July 21st. Zacks Investment Research raised Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, July 18th. Jefferies Group LLC raised Williams Partners from a “hold” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $44.00 in a research report on Wednesday, July 12th. Finally, BMO Capital Markets set a $47.00 target price on Williams Partners and gave the stock a “buy” rating in a research report on Monday, June 5th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Williams Partners has a consensus rating of “Buy” and a consensus target price of $44.77.
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Shares of Williams Partners LP (NYSE WPZ) opened at 39.45 on Tuesday. The stock’s 50 day moving average is $39.20 and its 200 day moving average is $39.90. Williams Partners LP has a 52-week low of $32.93 and a 52-week high of $42.32. The stock has a market cap of $37.71 billion, a price-to-earnings ratio of 23.72 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.09. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.13 billion. On average, equities analysts predict that Williams Partners LP will post $0.76 EPS for the current fiscal year.
Williams Partners Company 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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