Williams Partners LP (WPZ) Shares Sold by Fiduciary Financial Services of The Southwest Inc. TX
Fiduciary Financial Services of The Southwest Inc. TX cut its stake in shares of Williams Partners LP (NYSE:WPZ) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 18,221 shares of the pipeline company’s stock after selling 606 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Williams Partners were worth $731,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in WPZ. Tower Research Capital LLC TRC purchased a new stake in shares of Williams Partners during the first quarter valued at $105,000. Advisory Services Network LLC purchased a new stake in shares of Williams Partners during the first quarter valued at $127,000. Penserra Capital Management LLC raised its stake 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 buying an additional 1,186 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Williams Partners during the first quarter valued at $226,000. Finally, Envestnet Asset Management Inc. raised its stake 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 buying an additional 4,005 shares in the last quarter. 23.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Williams Partners LP (NYSE WPZ) opened at 38.78 on Tuesday. Williams Partners LP has a 12 month low of $32.93 and a 12 month high of $42.32. The firm has a market cap of $37.07 billion, a P/E ratio of 23.32 and a beta of 1.43. The stock’s 50 day moving average price is $40.13 and its 200-day moving average price is $40.19.
Williams Partners (NYSE:WPZ) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.09. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion. Equities research analysts anticipate that Williams Partners LP will post $0.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, August 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 6.19%. Williams Partners’s payout ratio is presently 143.71%.
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Several analysts recently weighed in on WPZ shares. TheStreet raised Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the company a “buy” rating in a report on Monday, June 5th. Jefferies Group LLC raised Williams Partners from a “hold” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $44.00 in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a report on Friday, July 21st. Finally, Zacks Investment Research raised Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $44.77.
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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