Linscomb & Williams Inc. grew its holdings in Williams Partners LP (NYSE:WPZ) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,411 shares of the pipeline company’s stock after purchasing an additional 26 shares during the quarter. Linscomb & Williams Inc.’s holdings in Williams Partners were worth $538,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of WPZ. Tower Research Capital LLC TRC acquired a new position in shares of Williams Partners during the first quarter valued at $105,000. Captrust Financial Advisors acquired a new position in shares of Williams Partners during the second quarter valued at $125,000. Pathstone Family Office LLC acquired a new position in shares of Williams Partners during the second quarter valued at $130,000. Balentine LLC lifted its stake in shares of Williams Partners by 10.6% during the second quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 457 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of Williams Partners by 8.3% during the second quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock valued at $194,000 after acquiring an additional 374 shares during the period. 22.76% of the stock is currently owned by institutional investors.
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Several brokerages have recently issued reports on WPZ. Jefferies Group LLC set a $42.00 price target on Williams Partners and gave the company a “hold” rating in a research note on Saturday, June 17th. BidaskClub lowered Williams Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet lowered Williams Partners from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. Wolfe Research began coverage on Williams Partners in a research note on Monday, September 25th. They set an “outperform” rating and a $45.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Partners currently has a consensus rating of “Buy” and a consensus price target of $44.93.
Williams Partners (NYSE:WPZ) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%.
In related news, Director H Brent Austin bought 1,000 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were purchased at an average cost of $38.66 per share, with a total value of $38,660.00. Following the acquisition, the director now owns 9,958 shares of the company’s stock, valued at $384,976.28. The purchase was disclosed in a filing with the SEC, which is available through this link.
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 segment.
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