Stifel Financial Corp Has $19.68 Million Holdings in Williams Partners LP (WPZ)
Stifel Financial Corp raised its holdings in shares of Williams Partners LP (NYSE:WPZ) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 505,614 shares of the pipeline company’s stock after buying an additional 12,953 shares during the period. Stifel Financial Corp owned about 0.05% of Williams Partners worth $19,675,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors purchased a new stake in shares of Williams Partners during the second quarter worth about $125,000. Pathstone Family Office LLC purchased a new stake in shares of Williams Partners during the second quarter worth about $130,000. Balentine LLC boosted its holdings in shares of Williams Partners by 10.6% during the second quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after purchasing an additional 457 shares during the period. Saratoga Research & Investment Management purchased a new stake in shares of Williams Partners during the third quarter worth about $188,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of Williams Partners by 8.3% during the second quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock worth $194,000 after purchasing an additional 374 shares during the period. Institutional investors and hedge funds own 22.47% of the company’s stock.
Several analysts have commented on WPZ shares. Jefferies Group restated a “buy” rating and issued a $44.00 price objective on shares of Williams Partners in a report on Monday, October 16th. BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, August 18th. TheStreet lowered shares of Williams Partners from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Wolfe Research started coverage on shares of Williams Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $45.00 price objective for the company. Finally, BidaskClub lowered shares of Williams Partners from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Williams Partners presently has an average rating of “Buy” and an average price target of $44.71.
Shares of Williams Partners LP (NYSE WPZ) traded down $0.33 during midday trading on Thursday, hitting $36.02. 1,236,300 shares of the company’s stock were exchanged, compared to its average volume of 1,175,843. Williams Partners LP has a fifty-two week low of $33.12 and a fifty-two week high of $42.32. The company has a market capitalization of $35,398.39, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.43. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date was Thursday, November 2nd. Williams Partners’s dividend payout ratio is 157.90%.
In other news, CEO Alan S. Armstrong purchased 5,000 shares of Williams Partners stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $35.00 per share, with a total value of $175,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H Brent Austin purchased 1,000 shares of Williams Partners stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average cost of $38.66 per share, with a total value of $38,660.00. Following the transaction, the director now directly owns 9,958 shares of the company’s stock, valued at $384,976.28. The disclosure for this purchase can be found here.
Williams Partners Company Profile
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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