Pegasus Partners Ltd. acquired a new stake in Williams Partners LP (NYSE:WPZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the pipeline company’s stock, valued at approximately $776,000.
Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new position in Williams Partners during the second quarter worth about $241,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Williams Partners by 15.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,636,305 shares of the pipeline company’s stock worth $141,452,000 after acquiring an additional 482,557 shares during the period. Neuberger Berman Group LLC increased its position in Williams Partners by 289.9% during the third quarter. Neuberger Berman Group LLC now owns 226,881 shares of the pipeline company’s stock worth $8,826,000 after acquiring an additional 168,690 shares during the period. Oxbow Advisors LLC increased its position in Williams Partners by 36.6% during the third quarter. Oxbow Advisors LLC now owns 135,220 shares of the pipeline company’s stock worth $5,260,000 after acquiring an additional 36,200 shares during the period. Finally, Cincinnati Insurance Co. increased its position in Williams Partners by 21.6% during the third quarter. Cincinnati Insurance Co. now owns 143,438 shares of the pipeline company’s stock worth $5,580,000 after acquiring an additional 25,486 shares during the period. 22.07% of the stock is currently owned by institutional investors and hedge funds.
Williams Partners LP (NYSE:WPZ) opened at $40.43 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. Williams Partners LP has a 1-year low of $34.74 and a 1-year high of $44.06. The company has a market cap of $39,370.00, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43.
The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, February 1st. Williams Partners’s dividend payout ratio is currently 171.43%.
In other Williams Partners news, insider John D. Seldenrust sold 6,770 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $38.76, for a total value of $262,405.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
WPZ has been the topic of a number of recent research reports. BidaskClub lowered shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Stifel Nicolaus set a $45.00 price target on shares of Williams Partners and gave the stock a “buy” rating in a research report on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Williams Partners in a research report on Wednesday, December 20th. US Capital Advisors raised shares of Williams Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Credit Suisse Group initiated coverage on shares of Williams Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $45.90.
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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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