Williams Partners LP (WPZ) Shares Sold by Dividend Assets Capital LLC
Dividend Assets Capital LLC decreased its stake in shares of Williams Partners LP (NYSE:WPZ) by 25.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 450,730 shares of the pipeline company’s stock after selling 154,835 shares during the period. Dividend Assets Capital LLC’s holdings in Williams Partners were worth $18,079,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in WPZ. RMB Capital Management LLC bought a new position in shares of Williams Partners during the first quarter valued at about $407,000. Oppenheimer & Co. Inc. boosted its position in shares of Williams Partners by 10.7% in the first quarter. Oppenheimer & Co. Inc. now owns 21,252 shares of the pipeline company’s stock valued at $868,000 after buying an additional 2,048 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Williams Partners by 1.0% in the first quarter. Blair William & Co. IL now owns 225,698 shares of the pipeline company’s stock valued at $9,110,000 after buying an additional 2,246 shares in the last quarter. Omega Advisors Inc. boosted its stake in shares of Williams Partners by 4.0% in the first quarter. Omega Advisors Inc. now owns 749,000 shares of the pipeline company’s stock worth $30,582,000 after buying an additional 29,000 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Williams Partners by 27.1% in the first quarter. Bank of America Corp DE now owns 2,077,039 shares of the pipeline company’s stock worth $84,805,000 after buying an additional 443,352 shares during the period. Institutional investors own 23.94% of the company’s stock.
Shares of Williams Partners LP (WPZ) opened at 38.66 on Friday. The stock has a market cap of $36.95 billion, a PE ratio of 23.25 and a beta of 1.43. The stock’s 50 day moving average is $40.10 and its 200-day moving average is $40.22. Williams Partners LP has a 12-month low of $32.93 and a 12-month high of $42.32.
Williams Partners (NYSE:WPZ) last released its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.09. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Williams Partners had a return on equity of 5.39% and a net margin of 18.13%. Equities analysts expect that Williams Partners LP will post $0.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend was Wednesday, August 2nd. Williams Partners’s dividend payout ratio (DPR) is currently 143.71%.
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WPZ has been the topic of a number of recent research reports. TheStreet upgraded shares of Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the stock a “buy” rating in a report on Monday, June 5th. Jefferies Group LLC upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $44.00 in a report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company 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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