C V Starr & Co. Inc. Invests $3.83 Million in Williams Partners LP (WPZ) Stock

C V Starr & Co. Inc. purchased a new position in Williams Partners LP (NYSE:WPZ) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 94,463 shares of the pipeline company’s stock, valued at approximately $3,834,000. Williams Partners comprises approximately 16.3% of C V Starr & Co. Inc.’s holdings, making the stock its largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Alps Advisors Inc. boosted its holdings in Williams Partners by 5.4% in the second quarter. Alps Advisors Inc. now owns 21,071,970 shares of the pipeline company’s stock worth $817,171,000 after acquiring an additional 1,076,470 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in Williams Partners by 39.9% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 18,209,209 shares of the pipeline company’s stock worth $626,943,000 after acquiring an additional 5,191,459 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in Williams Partners by 21.7% in the first quarter. Atlantic Trust Group LLC now owns 8,181,872 shares of the pipeline company’s stock worth $281,702,000 after acquiring an additional 1,456,895 shares in the last quarter. Brookfield Asset Management Inc. boosted its holdings in Williams Partners by 2,635.6% in the first quarter. Brookfield Asset Management Inc. now owns 6,016,577 shares of the pipeline company’s stock worth $207,151,000 after acquiring an additional 5,796,638 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in Williams Partners by 3,675.6% in the first quarter. Summit Trail Advisors LLC now owns 4,121,263 shares of the pipeline company’s stock worth $4,121,000 after acquiring an additional 4,012,108 shares in the last quarter. 21.94% of the stock is owned by institutional investors and hedge funds.

Shares of Williams Partners traded up $0.71, reaching $44.55, on Monday, Marketbeat.com reports. 213,523 shares of the stock were exchanged, compared to its average volume of 1,490,377. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.73. Williams Partners LP has a twelve month low of $32.74 and a twelve month high of $44.64. The company has a market capitalization of $42.77 billion, a price-to-earnings ratio of 26.93 and a beta of 1.54.



Williams Partners (NYSE:WPZ) last released its earnings results on Wednesday, May 2nd. The pipeline company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). Williams Partners had a return on equity of 5.42% and a net margin of 7.36%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. research analysts anticipate that Williams Partners LP will post 1.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 10th. Investors of record on Friday, August 3rd will be issued a dividend of $0.629 per share. This is an increase from Williams Partners’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, August 2nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.65%. Williams Partners’s payout ratio is 149.09%.

Several equities research analysts have weighed in on the company. Raymond James downgraded Williams Partners from a “strong-buy” rating to an “outperform” rating and set a $44.00 price target for the company. in a report on Monday, May 21st. Seaport Global Securities assumed coverage on Williams Partners in a report on Wednesday, April 25th. They issued a “buy” rating and a $40.00 price target for the company. Deutsche Bank assumed coverage on Williams Partners in a report on Thursday, April 19th. They issued a “buy” rating and a $41.00 price target for the company. Stifel Nicolaus lowered their price target on Williams Partners from $48.00 to $41.00 and set a “buy” rating for the company in a report on Monday, April 23rd. Finally, ValuEngine raised Williams Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Williams Partners currently has an average rating of “Buy” and an average price target of $44.67.

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

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