Roanoke Asset Management Corp NY increased its stake in shares of Williams Partners LP (NYSE:WPZ) by 24.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,013 shares of the pipeline company’s stock after buying an additional 2,140 shares during the period. Roanoke Asset Management Corp NY’s holdings in Williams Partners were worth $442,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in WPZ. Chickasaw Capital Management LLC boosted its stake in Williams Partners by 71.1% in the first quarter. Chickasaw Capital Management LLC now owns 350,000 shares of the pipeline company’s stock valued at $14,290,000 after buying an additional 145,400 shares during the last quarter. First Manhattan Co. boosted its stake in Williams Partners by 13.4% in the first quarter. First Manhattan Co. now owns 64,071 shares of the pipeline company’s stock valued at $2,382,000 after buying an additional 7,563 shares during the last quarter. Waldron LP bought a new stake in Williams Partners during the first quarter valued at $2,545,000. Hollencrest Securities LLC boosted its stake in Williams Partners by 18.0% in the first quarter. Hollencrest Securities LLC now owns 224,038 shares of the pipeline company’s stock valued at $9,147,000 after buying an additional 34,179 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in Williams Partners by 21.2% in the first quarter. Diversified Trust Co now owns 28,241 shares of the pipeline company’s stock valued at $1,153,000 after buying an additional 4,943 shares during the last quarter. Institutional investors and hedge funds own 23.42% of the company’s stock.
Williams Partners LP (NYSE WPZ) traded down 1.31% during mid-day trading on Friday, hitting $40.65. 762,931 shares of the stock traded hands. The firm’s 50-day moving average price is $39.29 and its 200-day moving average price is $40.17. The firm has a market cap of $38.84 billion, a P/E ratio of 40.81 and a beta of 1.43. Williams Partners LP has a 52 week low of $32.93 and a 52 week high of $42.32.
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Several research firms recently weighed in on WPZ. Citigroup Inc. upgraded shares of Williams Partners from a “neutral” rating to a “buy” rating and increased their target price for the company from $41.00 to $46.00 in a research note on Friday, April 7th. Barclays PLC upgraded shares of Williams Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $44.00 to $47.00 in a research note on Tuesday. Zacks Investment Research upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Credit Suisse Group upgraded shares of Williams Partners from a “neutral” rating to an “outperform” rating and increased their target price for the company from $45.00 to $47.00 in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.47.
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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