Advisor Group Inc. Sells 755 Shares of Williams Partners LP (WPZ)

Advisor Group Inc. lessened its holdings in shares of Williams Partners LP (NYSE:WPZ) by 8.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,037 shares of the pipeline company’s stock after selling 755 shares during the period. Advisor Group Inc.’s holdings in Williams Partners were worth $322,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Fifth Third Bancorp grew its position in shares of Williams Partners by 0.5% during the 1st quarter. Fifth Third Bancorp now owns 10,034 shares of the pipeline company’s stock valued at $410,000 after buying an additional 49 shares during the last quarter. Camelot Portfolios LLC grew its position in shares of Williams Partners by 0.9% during the 2nd quarter. Camelot Portfolios LLC now owns 6,885 shares of the pipeline company’s stock valued at $276,000 after buying an additional 60 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Williams Partners by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock valued at $223,000 after buying an additional 67 shares during the last quarter. Cutter & CO Brokerage Inc. grew its position in shares of Williams Partners by 1.1% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,025 shares of the pipeline company’s stock valued at $282,000 after buying an additional 75 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its position in shares of Williams Partners by 0.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 9,722 shares of the pipeline company’s stock valued at $390,000 after buying an additional 76 shares during the last quarter. 22.76% of the stock is owned by institutional investors and hedge funds.

Shares of Williams Partners LP (WPZ) opened at 39.90 on Friday. The company’s 50-day moving average is $39.12 and its 200 day moving average is $39.77. The firm has a market capitalization of $38.14 billion, a price-to-earnings ratio of 23.99 and a beta of 1.40. Williams Partners LP has a 1-year low of $32.93 and a 1-year high of $42.32.

Williams Partners (NYSE:WPZ) last issued its earnings results 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). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. On average, analysts expect that Williams Partners LP will post $0.76 EPS for the current fiscal year.

WPZ has been the subject of a number of recent research reports. BidaskClub downgraded shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Jefferies Group LLC set a $42.00 target price on shares of Williams Partners and gave the company a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of Williams Partners from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Barclays PLC raised shares of Williams Partners from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $44.00 to $47.00 in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $48.00 target price on shares of Williams Partners in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Williams Partners has an average rating of “Buy” and a consensus price target of $44.93.

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In other Williams Partners news, Director H Brent Austin bought 1,000 shares of Williams Partners stock in a transaction dated Friday, September 22nd. The shares were bought at an average price of $38.66 per share, with a total value of $38,660.00. Following the purchase, the director now owns 9,958 shares of the company’s stock, valued at $384,976.28. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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.

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

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