Mariner Wealth Advisors LLC reduced its holdings in shares of Williams Partners LP (NYSE:WPZ) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,119 shares of the pipeline company’s stock after selling 16,730 shares during the period. Mariner Wealth Advisors LLC’s holdings in Williams Partners were worth $2,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WPZ. Tower Research Capital LLC TRC bought a new position in Williams Partners during the first quarter valued at approximately $105,000. Captrust Financial Advisors bought a new position in Williams Partners during the second quarter valued at approximately $125,000. Pathstone Family Office LLC bought a new position in Williams Partners during the second quarter valued at approximately $130,000. Penserra Capital Management LLC grew its position in Williams Partners by 8.3% during the second quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock valued at $194,000 after acquiring an additional 374 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Williams Partners by 1.2% during the second quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock valued at $223,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 22.76% of the company’s stock.

Shares of Williams Partners LP (NYSE WPZ) traded down 0.16% during mid-day trading on Friday, reaching $38.54. The company had a trading volume of 618,154 shares. The stock has a market capitalization of $36.84 billion, a price-to-earnings ratio of 23.17 and a beta of 1.43. The firm has a 50-day moving average price of $38.92 and a 200-day moving average price of $39.85. Williams Partners LP has a 1-year low of $32.93 and a 1-year 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 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 company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.13 billion. Equities analysts expect that Williams Partners LP will post $0.76 earnings per share for the current year.

A number of research analysts have commented on the stock. Jefferies Group LLC set a $42.00 price target on shares of Williams Partners and gave the company a “hold” rating in a research report on Saturday, June 17th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 price target on shares of Williams Partners in a research report on Friday, July 21st. Barclays PLC upgraded shares of Williams Partners from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $44.00 to $47.00 in a research report on Tuesday, July 18th. BMO Capital Markets set a $47.00 price target on shares of Williams Partners and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research cut shares of Williams Partners from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.77.

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

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