Fort Washington Investment Advisors Inc. OH lifted its position in Williams Partners LP (NYSE:WPZ) by 65.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 260,165 shares of the pipeline company’s stock after purchasing an additional 102,857 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Williams Partners were worth $10,435,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Williams Partners in the first quarter valued at approximately $105,000. Penserra Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 1,186 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Williams Partners in the first quarter valued at approximately $226,000. Envestnet Asset Management Inc. boosted its holdings in shares of 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 purchasing an additional 4,005 shares during the period. Finally, Camelot Portfolios LLC boosted its holdings in shares of 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 purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 22.77% of the company’s stock.
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WPZ has been the subject of a number of research reports. TheStreet upgraded Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. Zacks Investment Research upgraded Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, July 18th. Jefferies Group LLC upgraded Williams Partners from a “hold” rating to a “buy” rating and boosted their price target for the company from $42.00 to $44.00 in a report on Wednesday, July 12th. Finally, BMO Capital Markets set a $47.00 price target on Williams Partners and gave the company a “buy” rating in a report on Monday, June 5th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $44.77.
Williams Partners LP (WPZ) traded up 0.2816% during mid-day trading on Wednesday, reaching $39.4909. The company’s stock had a trading volume of 205,006 shares. Williams Partners LP has a 52 week low of $32.93 and a 52 week high of $42.32. The firm has a market capitalization of $37.75 billion, a price-to-earnings ratio of 23.7468 and a beta of 1.43. The company’s 50-day moving average price is $39.21 and its 200 day moving average price is $39.89.
Williams Partners (NYSE:WPZ) last announced 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 return on equity of 5.90% and a net margin of 17.82%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.13 billion. On average, equities analysts forecast that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.
Williams Partners 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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