Sumitomo Mitsui Trust Holdings Inc. grew its stake in Williams Partners LP (NYSE:WPZ) by 10.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,000 shares of the pipeline company’s stock after buying an additional 20,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Williams Partners were worth $8,584,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WPZ. Tower Research Capital LLC TRC bought a new position in shares of Williams Partners in the first quarter worth about $105,000. Advisory Services Network LLC bought a new position in shares of Williams Partners in the first quarter worth about $127,000. Penserra Capital Management LLC increased 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 worth $182,000 after purchasing an additional 1,186 shares during the period. Private Advisor Group LLC bought a new position in shares of Williams Partners in the first quarter worth about $226,000. Finally, Envestnet Asset Management Inc. increased 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 worth $260,000 after purchasing an additional 4,005 shares during the period. 22.77% of the stock is owned by institutional investors.

Williams Partners LP (NYSE WPZ) opened at 39.56 on Monday. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of 23.79 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. The company’s 50-day moving average price is $39.50 and its 200 day moving average price is $39.93.

Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. On average, analysts predict that Williams Partners LP will post $0.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, August 4th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $2.40 annualized dividend and a yield of 6.07%. Williams Partners’s dividend payout ratio (DPR) is presently 143.71%.

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A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Tuesday, July 18th. Barclays PLC upgraded Williams Partners from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $44.00 to $47.00 in a research note on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a research note on Friday, July 21st. Credit Suisse Group upgraded Williams Partners from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $45.00 to $47.00 in a research note on Friday, May 12th. Finally, BidaskClub upgraded Williams Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus 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.

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

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