Williams Partners LP (NYSE:WPZ) CEO Alan S. Armstrong purchased 5,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $35.00 per share, with a total value of $175,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Williams Partners LP (NYSE WPZ) traded up $0.22 during midday trading on Friday, reaching $35.24. The company’s stock had a trading volume of 1,073,825 shares, compared to its average volume of 1,139,638. Williams Partners LP has a 12-month low of $33.12 and a 12-month high of $42.32. The firm has a market capitalization of $34,317.45, a PE ratio of 23.18, a P/E/G ratio of 2.58 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend was Thursday, November 2nd. Williams Partners’s payout ratio is currently 157.90%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. raised its stake in Williams Partners by 11.4% during the third quarter. Alps Advisors Inc. now owns 20,559,321 shares of the pipeline company’s stock valued at $799,758,000 after buying an additional 2,105,286 shares in the last quarter. Harvest Fund Advisors LLC raised its stake in Williams Partners by 32.5% during the third quarter. Harvest Fund Advisors LLC now owns 18,102,427 shares of the pipeline company’s stock valued at $704,184,000 after buying an additional 4,436,790 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Williams Partners by 2.4% during 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 in the last quarter. Center Coast Capital Advisors LP raised its stake in Williams Partners by 39.8% during the third quarter. Center Coast Capital Advisors LP now owns 6,387,628 shares of the pipeline company’s stock valued at $248,479,000 after buying an additional 1,817,243 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Williams Partners by 38.2% during the third quarter. JPMorgan Chase & Co. now owns 5,489,436 shares of the pipeline company’s stock valued at $212,990,000 after buying an additional 1,515,965 shares in the last quarter. Hedge funds and other institutional investors own 22.78% of the company’s stock.

A number of research firms have issued reports on WPZ. BidaskClub downgraded Williams Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and set a $44.00 price target on shares of Williams Partners in a research report on Tuesday, August 22nd. TheStreet downgraded Williams Partners from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. Wolfe Research assumed coverage on Williams Partners in a research note on Monday, September 25th. They set an “outperform” rating and a $45.00 price objective on the stock. Finally, BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the stock a “buy” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.93.

Williams Partners Company 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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