Pegasus Partners Ltd. purchased a new stake in Williams Partners LP (NYSE:WPZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the pipeline company’s stock, valued at approximately $776,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in Williams Partners during the 2nd quarter worth approximately $241,000. Adams Asset Advisors LLC acquired a new stake in Williams Partners during the 3rd quarter worth approximately $1,178,000. Spirit of America Management Corp NY boosted its position in Williams Partners by 8.1% during the 3rd quarter. Spirit of America Management Corp NY now owns 552,867 shares of the pipeline company’s stock worth $21,507,000 after buying an additional 41,400 shares during the period. Oxbow Advisors LLC boosted its position in Williams Partners by 36.6% during the 3rd quarter. Oxbow Advisors LLC now owns 135,220 shares of the pipeline company’s stock worth $5,260,000 after buying an additional 36,200 shares during the period. Finally, First Trust Advisors LP boosted its position in Williams Partners by 107.5% during the 3rd quarter. First Trust Advisors LP now owns 265,511 shares of the pipeline company’s stock worth $10,328,000 after buying an additional 137,581 shares during the period. Institutional investors own 22.07% of the company’s stock.

Williams Partners LP (WPZ) opened at $40.43 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. Williams Partners LP has a fifty-two week low of $34.74 and a fifty-two week high of $44.06. The stock has a market cap of $39,370.00, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43.

Williams Partners (NYSE:WPZ) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Williams Partners had a net margin of 17.02% and a return on equity of 5.55%. sell-side analysts forecast that Williams Partners LP will post 1.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, February 1st. This represents a $2.40 annualized dividend and a yield of 5.94%. Williams Partners’s payout ratio is 171.43%.

In other Williams Partners news, insider John D. Seldenrust sold 6,770 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $38.76, for a total transaction of $262,405.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

WPZ has been the topic of several recent research reports. BidaskClub downgraded shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Royal Bank of Canada reiterated a “hold” rating and set a $47.00 target price on shares of Williams Partners in a research report on Tuesday, January 16th. Credit Suisse Group initiated coverage on shares of Williams Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $48.00 target price on the stock. US Capital Advisors upgraded shares of Williams Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Jefferies Group reiterated a “buy” rating and set a $45.00 target price on shares of Williams Partners in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.90.

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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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Institutional Ownership by Quarter for Williams Partners (NYSE:WPZ)

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