Nokota Management LP raised its holdings in Williams Partners LP (NYSE:WPZ) by 62.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,000 shares of the pipeline company’s stock after acquiring an additional 50,000 shares during the period. Nokota Management LP’s holdings in Williams Partners were worth $5,277,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Icon Wealth Partners LLC raised its holdings in shares of Williams Partners by 2.8% in the 2nd quarter. Icon Wealth Partners LLC now owns 49,103 shares of the pipeline company’s stock valued at $1,993,000 after acquiring an additional 1,332 shares in the last quarter. Ferris Capital LLC raised its holdings in shares of Williams Partners by 31.3% in the 2nd quarter. Ferris Capital LLC now owns 5,805 shares of the pipeline company’s stock valued at $236,000 after acquiring an additional 1,385 shares in the last quarter. US Bancorp DE raised its holdings in shares of Williams Partners by 3.9% in the 2nd quarter. US Bancorp DE now owns 46,667 shares of the pipeline company’s stock valued at $1,894,000 after acquiring an additional 1,771 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of Williams Partners by 13.5% in the 2nd quarter. FDx Advisors Inc. now owns 15,255 shares of the pipeline company’s stock valued at $619,000 after acquiring an additional 1,818 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Williams Partners by 1.0% in the 1st quarter. Blair William & Co. IL now owns 221,211 shares of the pipeline company’s stock valued at $7,616,000 after acquiring an additional 2,143 shares in the last quarter. 22.32% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on WPZ shares. Stephens cut Williams Partners from an “overweight” rating to an “equal weight” rating and set a $48.00 price target on the stock. in a report on Wednesday, July 25th. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price objective on shares of Williams Partners in a research report on Friday, August 3rd. Barclays set a $46.00 price objective on Williams Partners and gave the company a “hold” rating in a research report on Saturday, May 19th. ValuEngine upgraded Williams Partners from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. Finally, Stifel Nicolaus lowered Williams Partners from a “buy” rating to a “hold” rating and set a $41.00 price objective on the stock. in a research report on Monday, May 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Williams Partners has an average rating of “Buy” and a consensus target price of $44.74.
Shares of WPZ stock opened at $47.37 on Thursday. The company has a market capitalization of $46.26 billion, a PE ratio of 28.71 and a beta of 1.65. Williams Partners LP has a fifty-two week low of $32.74 and a fifty-two week high of $48.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.83.
Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Williams Partners had a return on equity of 5.99% and a net margin of 8.49%. research analysts forecast that Williams Partners LP will post 1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 10th. Stockholders of record on Friday, August 3rd were paid a $0.629 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, August 2nd. This is a boost from Williams Partners’s previous quarterly dividend of $0.61. Williams Partners’s dividend payout ratio (DPR) is presently 152.73%.
Williams Partners Company Profile
Williams Partners L.P. operates as an energy infrastructure company. It operates through Northeast G&P, Atlantic-Gulf, and West segments. The Northeast G&P segment engages in natural gas gathering, compression, processing, and NGL fractionation businesses in the Marcellus and Utica shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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