Pathstone Family Office LLC Purchases Shares of 3,250 Williams Partners LP (WPZ)
Pathstone Family Office LLC purchased a new position in shares of Williams Partners LP (NYSE:WPZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,250 shares of the pipeline company’s stock, valued at approximately $130,000.
A number of other institutional investors have also made changes to their positions in WPZ. Tower Research Capital LLC TRC purchased a new stake in Williams Partners during the 1st quarter worth $105,000. Captrust Financial Advisors purchased a new stake in Williams Partners during the 2nd quarter worth $125,000. Penserra Capital Management LLC boosted its position in Williams Partners by 8.3% during the 2nd quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock worth $194,000 after purchasing an additional 374 shares during the period. Private Advisor Group LLC boosted its position in Williams Partners by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after purchasing an additional 67 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Williams Partners by 168.1% during the 1st 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. 22.76% of the stock is owned by hedge funds and other institutional investors.
Williams Partners (NYSE:WPZ) last posted its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). The company had revenue of $1.92 billion during 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%.
WPZ has been the subject of a number of research reports. TheStreet raised shares of Williams Partners from a “c+” rating to a “b-” rating in a research report on Tuesday, May 30th. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a research report on Friday, July 21st. Zacks Investment Research raised shares of Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Tuesday, July 18th. Jefferies Group LLC raised shares of Williams Partners from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $44.00 in a research report on Wednesday, July 12th. Finally, BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the company a “buy” rating in a research report on Monday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Williams Partners currently has a consensus rating of “Buy” and an average target price of $44.77.
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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