Oppenheimer Asset Management Inc. raised its stake in Williams Partners LP (NYSE:WPZ) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,114 shares of the pipeline company’s stock after buying an additional 2,282 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Williams Partners were worth $767,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WPZ. American Century Companies Inc. purchased a new stake in Williams Partners in the 1st quarter valued at $429,000. US Bancorp DE grew its holdings in Williams Partners by 30.4% in the 1st quarter. US Bancorp DE now owns 38,329 shares of the pipeline company’s stock valued at $1,565,000 after buying an additional 8,945 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Williams Partners by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 108,485 shares of the pipeline company’s stock valued at $4,428,000 after buying an additional 4,807 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Williams Partners by 2.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 164,341 shares of the pipeline company’s stock valued at $6,710,000 after buying an additional 3,191 shares in the last quarter. Finally, Airain ltd purchased a new stake in Williams Partners in the 1st quarter valued at $505,000. Institutional investors own 22.77% of the company’s stock.

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Williams Partners LP (NYSE:WPZ) opened at 39.38 on Wednesday. Williams Partners LP has a one year low of $32.93 and a one year high of $42.32. The stock has a market capitalization of $37.64 billion, a PE ratio of 23.68 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 released its 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). The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.13 billion. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. Equities research analysts predict that Williams Partners LP will post $0.76 EPS for the current year.

WPZ has been the subject of several analyst reports. TheStreet upgraded Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 target price 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 target price 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 upped their target price for the company from $42.00 to $44.00 in a report on Wednesday, July 12th. Finally, BMO Capital Markets set a $47.00 target price on Williams Partners and gave the company a “buy” rating in a report on Monday, June 5th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Williams Partners presently 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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