Virtu Financial LLC cut its holdings in Williams Partners LP (NYSE:WPZ) by 60.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,307 shares of the pipeline company’s stock after selling 81,052 shares during the period. Virtu Financial LLC’s holdings in Williams Partners were worth $2,074,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in Williams Partners in the second quarter worth approximately $125,000. Pathstone Family Office LLC bought a new position in Williams Partners in the second quarter worth approximately $130,000. Balentine LLC raised its position in Williams Partners by 10.6% in the second quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 457 shares during the period. Saratoga Research & Investment Management bought a new position in Williams Partners in the third quarter worth approximately $188,000. Finally, Penserra Capital Management LLC raised its position in Williams Partners by 8.3% in the second quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock worth $194,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 22.47% of the company’s stock.
Several research firms have weighed in on WPZ. BMO Capital Markets set a $47.00 price target on shares of Williams Partners and gave the stock a “buy” rating in a research report on Friday, October 13th. BidaskClub upgraded shares of Williams Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group reiterated a “buy” rating and issued a $44.00 price target on shares of Williams Partners in a research report on Monday, October 16th. Wells Fargo & Company decreased their price target on shares of Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 10th. Finally, Wolfe Research began coverage on shares of Williams Partners in a research report on Monday, September 25th. They issued an “outperform” rating and a $45.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $44.71.
In other news, CEO Alan S. Armstrong acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $35.00 per share, for a total transaction of $175,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director H Brent Austin acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were purchased at an average price of $38.66 per share, for a total transaction 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 disclosure for this purchase can be found here.
Shares of Williams Partners LP (NYSE WPZ) traded up $0.40 during mid-day trading on Monday, hitting $36.88. 1,082,300 shares of the stock traded hands, compared to its average volume of 1,174,765. The company has a market cap of $35,914.52, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 2.74 and a beta of 1.43. Williams Partners LP has a 12-month low of $33.12 and a 12-month high of $42.32. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65.
TRADEMARK VIOLATION NOTICE: This story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2017/12/11/virtu-financial-llc-sells-81052-shares-of-williams-partners-lp-wpz.html.
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.
Want to see what other hedge funds are holding WPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Partners LP (NYSE:WPZ).
Receive News & Ratings for Williams Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.