BB&T Securities LLC raised its stake in shares of Williams Partners LP (NYSE:WPZ) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,783 shares of the pipeline company’s stock after buying an additional 961 shares during the period. BB&T Securities LLC’s holdings in Williams Partners were worth $753,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Williams Partners by 7.6% in the first quarter. FMR LLC now owns 28,381,957 shares of the pipeline company’s stock valued at $1,158,835,000 after buying an additional 2,001,870 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Williams Partners by 3.6% in the second quarter. Alps Advisors Inc. now owns 18,454,035 shares of the pipeline company’s stock valued at $740,191,000 after buying an additional 639,747 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Williams Partners by 2.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 11,413,024 shares of the pipeline company’s stock valued at $457,776,000 after buying an additional 263,922 shares during the last quarter. UBS Group AG boosted its stake in shares of Williams Partners by 12.5% in the first quarter. UBS Group AG now owns 7,766,761 shares of the pipeline company’s stock valued at $317,117,000 after buying an additional 865,490 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its stake in shares of Williams Partners by 45.2% in the first quarter. Atlantic Trust Group LLC now owns 5,419,374 shares of the pipeline company’s stock valued at $221,273,000 after buying an additional 1,687,346 shares during the last quarter. Institutional investors and hedge funds own 22.77% of the company’s stock.

Shares of Williams Partners LP (NYSE:WPZ) opened at 38.18 on Thursday. Williams Partners LP has a 12-month low of $32.93 and a 12-month high of $42.32. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of 22.96 and a beta of 1.43. The stock’s 50 day moving average is $39.73 and its 200-day moving average is $40.01.

Williams Partners (NYSE:WPZ) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by $0.09. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Equities analysts anticipate that Williams Partners LP will post $0.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend was Wednesday, August 2nd. Williams Partners’s dividend payout ratio is 143.71%.

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WPZ has been the subject of several research reports. BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the company a “buy” rating in a research note on Monday, June 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 target price on shares of Williams Partners in a research note on Friday, July 21st. Zacks Investment Research cut shares of Williams Partners from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Finally, TheStreet cut shares of Williams Partners from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.77.

About Williams Partners

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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Institutional Ownership by Quarter for Williams Partners (NYSE:WPZ)

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