Camelot Portfolios LLC Has $276,000 Position in Williams Partners LP (NYSE:WPZ)
Camelot Portfolios LLC boosted its position in shares of Williams Partners LP (NYSE:WPZ) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 6,885 shares of the pipeline company’s stock after buying an additional 60 shares during the period. Camelot Portfolios LLC’s holdings in Williams Partners were worth $276,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Williams Partners during the first quarter worth $105,000. Advisory Services Network LLC purchased a new position in Williams Partners during the first quarter worth $127,000. Penserra Capital Management LLC boosted its position in Williams Partners by 36.0% in the first quarter. Penserra Capital Management LLC now owns 4,480 shares of the pipeline company’s stock worth $182,000 after buying an additional 1,186 shares during the last quarter. Private Advisor Group LLC purchased a new position in Williams Partners during the first quarter worth $226,000. Finally, Envestnet Asset Management Inc. boosted its position in Williams Partners by 168.1% in the first quarter. Envestnet Asset Management Inc. now owns 6,387 shares of the pipeline company’s stock worth $260,000 after buying an additional 4,005 shares during the last quarter. 23.94% of the stock is owned by institutional investors.
Shares of Williams Partners LP (WPZ) opened at 39.42 on Monday. Williams Partners LP has a 1-year low of $32.93 and a 1-year high of $42.32. The firm has a market cap of $37.68 billion, a price-to-earnings ratio of 23.68 and a beta of 1.43. The company’s 50-day moving average is $39.76 and its 200 day moving average is $40.27.
Williams Partners (NYSE:WPZ) last announced its quarterly 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. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.13 billion. On average, equities research analysts expect that Williams Partners LP will post $0.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, August 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Wednesday, August 2nd. Williams Partners’s dividend payout ratio is currently 143.71%.
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A number of research firms have weighed in on WPZ. Jefferies Group LLC set a $42.00 price objective on shares of Williams Partners and gave the company a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research raised shares of Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Tuesday, July 18th. BidaskClub cut shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Barclays PLC raised shares of Williams Partners from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $44.00 to $47.00 in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Partners presently has an average rating of “Buy” and an average price target of $44.77.
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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