Nuveen Asset Management LLC lessened its stake in Williams Partners LP (NYSE:WPZ) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,473 shares of the pipeline company’s stock after selling 6,444 shares during the period. Nuveen Asset Management LLC’s holdings in Williams Partners were worth $3,528,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Red Cedar Capital LLC bought a new stake in shares of Williams Partners during the 1st quarter valued at $100,000. Lee Financial Co grew its position in shares of Williams Partners by 1,210.0% during the 1st quarter. Lee Financial Co now owns 3,406 shares of the pipeline company’s stock valued at $117,000 after acquiring an additional 3,146 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Williams Partners during the 1st quarter valued at $124,000. Captrust Financial Advisors bought a new stake in shares of Williams Partners during the 4th quarter valued at $174,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Williams Partners during the 4th quarter valued at $185,000. 22.66% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on WPZ. ValuEngine raised shares of Williams Partners from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. Stifel Nicolaus downgraded shares of Williams Partners from a “buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a research report on Monday, May 21st. Raymond James downgraded shares of Williams Partners from a “strong-buy” rating to an “outperform” rating and set a $44.00 price objective for the company. in a research report on Monday, May 21st. Barclays set a $46.00 price objective on shares of Williams Partners and gave the company a “hold” rating in a research report on Saturday, May 19th. Finally, Bank of America restated a “buy” rating and set a $40.00 target price on shares of Williams Partners in a research note on Friday, May 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Williams Partners presently has a consensus rating of “Buy” and an average target price of $44.54.
Shares of WPZ stock opened at $39.97 on Friday. The firm has a market capitalization of $39.00 billion, a price-to-earnings ratio of 29.39 and a beta of 1.47. Williams Partners LP has a 52 week low of $32.74 and a 52 week high of $44.06. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.09 and a current ratio of 1.17.
Williams Partners (NYSE:WPZ) last announced its quarterly earnings results on Wednesday, May 2nd. The pipeline company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Williams Partners had a return on equity of 5.42% and a net margin of 7.36%. equities analysts expect that Williams Partners LP will post 1.7 earnings per share for the current fiscal year.
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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