Pointe Capital Management LLC decreased its position in Williams Partners LP (NYSE:WPZ) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,180 shares of the pipeline company’s stock after selling 1,605 shares during the period. Williams Partners comprises approximately 1.7% of Pointe Capital Management LLC’s holdings, making the stock its 14th largest position. Pointe Capital Management LLC’s holdings in Williams Partners were worth $2,414,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Linscomb & Williams Inc. increased its position in shares of Williams Partners by 0.3% in the first quarter. Linscomb & Williams Inc. now owns 13,385 shares of the pipeline company’s stock worth $547,000 after buying an additional 36 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Williams Partners by 0.5% in the first 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 period. Camelot Portfolios LLC increased its position in shares of Williams Partners by 0.9% in the second 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 period. Patten Group Inc. increased its position in shares of Williams Partners by 0.9% in the first 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 period. Finally, Cutter & CO Brokerage Inc. increased its position in shares of Williams Partners by 1.5% in the first quarter. Cutter & CO Brokerage Inc. now owns 6,950 shares of the pipeline company’s stock worth $284,000 after buying an additional 103 shares during the period. 23.94% of the stock is owned by institutional investors and hedge funds.

Shares of Williams Partners LP (WPZ) opened at 39.07 on Thursday. Williams Partners LP has a 12-month low of $32.93 and a 12-month high of $42.32. The stock has a 50 day moving average price of $40.01 and a 200 day moving average price of $40.24. The firm has a market capitalization of $37.35 billion, a P/E ratio of 23.47 and a beta of 1.43.

Williams Partners (NYSE:WPZ) last issued its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by $0.09. The firm had revenue of $1.92 billion during 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%. Equities analysts anticipate that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, August 4th will be given a $0.60 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $2.40 annualized dividend and a dividend yield of 6.14%. Williams Partners’s payout ratio is 143.71%.

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A number of equities analysts recently issued reports on the company. BidaskClub downgraded Williams Partners from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded Williams Partners from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. Barclays PLC raised Williams Partners from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $44.00 to $47.00 in a report on Tuesday, July 18th. Finally, Jefferies Group LLC raised Williams Partners from a “hold” rating to a “buy” rating and upped their price target for the company from $42.00 to $44.00 in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.77.

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

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