Doliver Capital Advisors LP Acquires New Holdings in Williams Partners LP (WPZ)
Doliver Capital Advisors LP acquired a new position in Williams Partners LP (NYSE:WPZ) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,675 shares of the pipeline company’s stock, valued at approximately $228,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. RMB Capital Management LLC bought a new position in Williams Partners in the first quarter worth $407,000. Oppenheimer & Co. Inc. raised its holdings in Williams Partners by 10.7% in the first quarter. Oppenheimer & Co. Inc. now owns 21,252 shares of the pipeline company’s stock worth $868,000 after purchasing an additional 2,048 shares in the last quarter. Trust Asset Management LLC raised its holdings in Williams Partners by 1.5% in the second quarter. Trust Asset Management LLC now owns 138,461 shares of the pipeline company’s stock worth $5,554,000 after purchasing an additional 2,062 shares in the last quarter. Omega Advisors Inc. raised its holdings in Williams Partners by 4.0% in the first quarter. Omega Advisors Inc. now owns 749,000 shares of the pipeline company’s stock worth $30,582,000 after purchasing an additional 29,000 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Williams Partners by 27.1% in the first quarter. Bank of America Corp DE now owns 2,077,039 shares of the pipeline company’s stock worth $84,805,000 after purchasing an additional 443,352 shares in the last quarter. Institutional investors and hedge funds own 22.76% of the company’s stock.
In related news, Director H Brent Austin purchased 1,000 shares of Williams Partners stock in a transaction dated Friday, September 22nd. The stock was purchased at an average cost of $38.66 per share, with a total value of $38,660.00. Following the transaction, the director now owns 9,958 shares in the company, valued at approximately $384,976.28. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
A number of equities analysts have issued reports on WPZ shares. BidaskClub downgraded Williams Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $44.00 price objective on shares of Williams Partners in a report on Tuesday, August 22nd. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the stock a “buy” rating in a report on Monday, June 5th. Finally, Zacks Investment Research upgraded 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Williams Partners presently has an average rating of “Buy” and an average target price of $44.92.
Williams Partners LP (NYSE WPZ) traded up 0.26% during midday trading on Friday, hitting $38.90. The company had a trading volume of 2,964,042 shares. Williams Partners LP has a 52 week low of $32.93 and a 52 week high of $42.32. The stock has a 50 day moving average price of $38.92 and a 200-day moving average price of $39.85. The stock has a market capitalization of $37.18 billion, a PE ratio of 23.39 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last released its quarterly 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 company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. On average, equities analysts predict that Williams Partners LP will post $0.76 EPS for the current year.
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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