Williams Partners LP (NYSE:WPZ) CEO Alan S. Armstrong Buys 5,000 Shares

Williams Partners LP (NYSE:WPZ) CEO Alan S. Armstrong bought 5,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $35.00 per share, for a total transaction of $175,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Williams Partners LP (NYSE WPZ) traded down $0.08 during trading hours on Monday, hitting $36.93. The company had a trading volume of 2,166,454 shares, compared to its average volume of 1,177,877. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06. The company has a market capitalization of $36,041.11, a P/E ratio of 24.35, a PEG ratio of 2.75 and a beta of 1.43. Williams Partners LP has a fifty-two week low of $33.12 and a fifty-two week high of $42.32.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.50%. Williams Partners’s payout ratio is presently 157.90%.

WPZ has been the topic of several analyst reports. BidaskClub lowered Williams Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. BMO Capital Markets set a $47.00 target price on Williams Partners and gave the company a “buy” rating in a research note on Friday, August 18th. Jefferies Group reissued a “buy” rating and issued a $44.00 target price on shares of Williams Partners in a research note on Tuesday, August 22nd. TheStreet downgraded Williams Partners from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Finally, Wolfe Research initiated coverage on Williams Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $45.00 price target for the company. One investment 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. The company presently has an average rating of “Buy” and a consensus target price of $44.71.

Several large investors have recently bought and sold shares of the stock. Camelot Portfolios LLC grew its holdings in shares of Williams Partners by 0.9% during the second quarter. Camelot Portfolios LLC now owns 6,885 shares of the pipeline company’s stock worth $276,000 after buying an additional 60 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Williams Partners by 1.2% during the second quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after buying an additional 67 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in shares of Williams Partners by 1.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 7,025 shares of the pipeline company’s stock worth $282,000 after buying an additional 75 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Williams Partners by 0.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 9,722 shares of the pipeline company’s stock worth $390,000 after buying an additional 76 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Williams Partners by 1.6% during the second quarter. IFP Advisors Inc now owns 11,379 shares of the pipeline company’s stock worth $456,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 22.47% of the company’s stock.

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About Williams Partners

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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