Advantus Capital Management Inc Has $2.03 Million Position in Williams Partners LP (WPZ)
Advantus Capital Management Inc lifted its holdings in Williams Partners LP (NYSE:WPZ) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,300 shares of the pipeline company’s stock after purchasing an additional 3,700 shares during the period. Advantus Capital Management Inc owned 5,374.41% of Williams Partners worth $2,034,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Cincinnati Insurance Co. lifted its stake in shares of Williams Partners by 21.6% in the 3rd quarter. Cincinnati Insurance Co. now owns 143,438 shares of the pipeline company’s stock valued at $5,580,000 after purchasing an additional 25,486 shares during the last quarter. Trust Asset Management LLC lifted its stake in shares of Williams Partners by 176.8% in the 3rd quarter. Trust Asset Management LLC now owns 383,244 shares of the pipeline company’s stock valued at $14,908,000 after purchasing an additional 244,783 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Williams Partners by 41.4% in the 3rd quarter. American Century Companies Inc. now owns 81,475 shares of the pipeline company’s stock valued at $3,169,000 after purchasing an additional 23,869 shares during the last quarter. Conning Inc. lifted its stake in shares of Williams Partners by 7.3% in the 3rd quarter. Conning Inc. now owns 208,882 shares of the pipeline company’s stock valued at $8,126,000 after purchasing an additional 14,196 shares during the last quarter. Finally, Mosaic Family Wealth LLC lifted its stake in shares of Williams Partners by 12.6% in the 3rd quarter. Mosaic Family Wealth LLC now owns 17,289 shares of the pipeline company’s stock valued at $672,000 after purchasing an additional 1,936 shares during the last quarter. 22.35% of the stock is owned by institutional investors and hedge funds.
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Williams Partners LP (WPZ) traded down $0.38 during trading hours on Friday, hitting $37.16. 539,693 shares of the stock traded hands, compared to its average volume of 1,119,495. Williams Partners LP has a one year low of $33.12 and a one year high of $42.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06. The company has a market cap of $36,531.19, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.75 and a beta of 1.45.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $2.40 annualized dividend and a dividend yield of 6.46%. Williams Partners’s payout ratio is 157.90%.
Several research analysts recently commented on WPZ shares. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 target price on shares of Williams Partners in a report on Friday, July 21st. Barclays PLC upgraded shares of Williams Partners from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $44.00 to $47.00 in a report on Tuesday, July 18th. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, August 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $44.00 target price on shares of Williams Partners in a report on Monday, October 16th. Finally, TheStreet downgraded shares of Williams Partners from a “b-” rating to a “c+” rating in a report on Monday, August 21st. One equities 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. The stock has a consensus rating of “Buy” and a consensus target price of $44.93.
In related news, Director H Brent Austin acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were bought at an average price of $38.66 per share, for a total transaction of $38,660.00. Following the acquisition, the director now owns 9,958 shares in the company, valued at approximately $384,976.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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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