Atlantic Trust Group LLC raised its position in shares of Williams Partners LP (NYSE:WPZ) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,692,694 shares of the pipeline company’s stock after buying an additional 291,284 shares during the quarter. Williams Partners comprises 1.0% of Atlantic Trust Group LLC’s portfolio, making the stock its 18th biggest holding. Atlantic Trust Group LLC owned approximately 0.58% of Williams Partners worth $221,444,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in WPZ. Arrowstreet Capital Limited Partnership purchased a new position in Williams Partners during the 2nd quarter valued at $241,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Williams Partners by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,636,305 shares of the pipeline company’s stock valued at $141,452,000 after purchasing an additional 482,557 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Williams Partners by 10.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 214,000 shares of the pipeline company’s stock valued at $8,584,000 after purchasing an additional 20,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Williams Partners by 36.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,065 shares of the pipeline company’s stock valued at $1,366,000 after purchasing an additional 9,015 shares in the last quarter. Finally, BB&T Securities LLC raised its position in Williams Partners by 5.4% during the 2nd quarter. BB&T Securities LLC now owns 18,783 shares of the pipeline company’s stock valued at $753,000 after purchasing an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 22.47% of the company’s stock.
WPZ has been the subject of a number of research analyst reports. Wells Fargo & Co decreased their target price on Williams Partners from $49.00 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Wolfe Research began coverage on Williams Partners in a research report on Monday, September 25th. They issued an “outperform” rating and a $45.00 price target for the company. BidaskClub lowered Williams Partners from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. BMO Capital Markets set a $47.00 price target on Williams Partners and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Stifel Nicolaus set a $45.00 target price on Williams Partners and gave the company a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.33.
In other news, insider John D. Seldenrust sold 6,770 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $38.76, for a total value of $262,405.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Alan S. Armstrong purchased 5,000 shares of Williams Partners stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.
Williams Partners LP (NYSE WPZ) traded up $0.33 during trading on Friday, reaching $43.19. The company’s stock had a trading volume of 1,940,000 shares, compared to its average volume of 1,560,000. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. The stock has a market cap of $42,060.00, a P/E ratio of 30.85, a PEG ratio of 2.89 and a beta of 1.45. Williams Partners LP has a twelve month low of $34.74 and a twelve month high of $43.32.
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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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