Stephens Inc. AR Has $1.70 Million Holdings in Williams Partners LP (WPZ)
Stephens Inc. AR lessened its stake in shares of Williams Partners LP (NYSE:WPZ) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,605 shares of the pipeline company’s stock after selling 2,289 shares during the period. Stephens Inc. AR’s holdings in Williams Partners were worth $1,696,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in WPZ. Captrust Financial Advisors acquired a new position in Williams Partners during the second quarter valued at approximately $125,000. Pathstone Family Office LLC acquired a new position in Williams Partners during the second quarter valued at approximately $130,000. Saratoga Research & Investment Management acquired a new position in Williams Partners during the third quarter valued at approximately $188,000. Balentine LLC grew its holdings in Williams Partners by 10.6% during the second quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 457 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in Williams Partners by 8.3% during the second quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock valued at $194,000 after purchasing an additional 374 shares during the last quarter. Institutional investors own 21.65% of the company’s stock.
WPZ has been the topic of several analyst reports. BidaskClub downgraded Williams Partners from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Wells Fargo & Company lowered their price target on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Jefferies Group LLC reiterated a “buy” rating and set a $44.00 price target on shares of Williams Partners in a report on Tuesday, August 22nd. BMO Capital Markets set a $47.00 price target on Williams Partners and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Wolfe Research initiated coverage on Williams Partners in a report on Monday, September 25th. They set an “outperform” rating and a $45.00 price target on the stock. One research 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 company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $44.93.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $2.40 annualized dividend and a yield of 6.83%. Williams Partners’s dividend payout ratio (DPR) is currently 157.90%.
In other news, Director H Brent Austin bought 1,000 shares of Williams Partners stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 9,958 shares in the company, valued at $384,976.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan S. Armstrong bought 5,000 shares of Williams Partners stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.
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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