Williams Partners LP (WPZ) Position Boosted by Sheaff Brock Investment Advisors LLC
Sheaff Brock Investment Advisors LLC boosted its holdings in Williams Partners LP (NYSE:WPZ) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,722 shares of the pipeline company’s stock after buying an additional 76 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Williams Partners were worth $390,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of WPZ. Tower Research Capital LLC TRC acquired a new position in Williams Partners in the first quarter valued at $105,000. Penserra Capital Management LLC boosted its stake 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 valued at $182,000 after acquiring an additional 1,186 shares in the last quarter. Private Advisor Group LLC acquired a new position in Williams Partners in the first quarter valued at $226,000. Envestnet Asset Management Inc. boosted its stake 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 valued at $260,000 after acquiring an additional 4,005 shares in the last quarter. Finally, Camelot Portfolios LLC boosted its stake in Williams Partners by 0.9% in the second quarter. Camelot Portfolios LLC now owns 6,885 shares of the pipeline company’s stock valued at $276,000 after acquiring an additional 60 shares in the last quarter. 22.77% of the stock is currently owned by hedge funds and other institutional investors.
WPZ has been the subject of several research analyst reports. TheStreet upgraded shares of Williams Partners from a “c+” rating to a “b-” rating in a research note on Tuesday, May 30th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a research note on Friday, July 21st. Zacks Investment Research upgraded 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 note on Tuesday, July 18th. Jefferies Group LLC upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $44.00 in a research note on Wednesday, July 12th. Finally, BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the company a “buy” rating in a research note on Monday, June 5th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Williams Partners currently has a consensus rating of “Buy” and an average target price of $44.77.
Shares of Williams Partners LP (WPZ) opened at 39.13 on Monday. The stock’s 50 day moving average is $39.25 and its 200 day moving average is $39.91. Williams Partners LP has a 52 week low of $32.93 and a 52 week high of $42.32. The firm has a market cap of $37.40 billion, a P/E ratio of 23.53 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last posted its quarterly 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. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.13 billion. On average, equities research analysts predict that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.
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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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