Williams Partners LP (NYSE:WPZ) insider John D. Seldenrust sold 6,770 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $38.76, for a total transaction of $262,405.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Williams Partners LP (NYSE:WPZ) opened at $38.67 on Monday. The stock has a market capitalization of $37,647.92, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 2.87 and a beta of 1.43. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. Williams Partners LP has a 12-month low of $34.74 and a 12-month high of $42.32.

A number of equities research analysts have weighed in on WPZ shares. Jefferies Group reissued a “buy” rating and issued a $44.00 price target on shares of Williams Partners in a report on Monday, October 16th. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the stock a “buy” rating in a report on Friday, October 13th. Stifel Nicolaus set a $45.00 price objective on Williams Partners and gave the stock a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Wells Fargo & Co dropped their price objective on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Williams Partners currently has a consensus rating of “Buy” and an average price target of $45.15.

A number of institutional investors have recently made changes to their positions in WPZ. Harvest Fund Advisors LLC boosted its position in Williams Partners by 32.5% during the third quarter. Harvest Fund Advisors LLC now owns 18,102,427 shares of the pipeline company’s stock worth $704,184,000 after purchasing an additional 4,436,790 shares during the period. Alps Advisors Inc. boosted its position in Williams Partners by 11.4% during the third quarter. Alps Advisors Inc. now owns 20,559,321 shares of the pipeline company’s stock worth $799,758,000 after purchasing an additional 2,105,286 shares during the period. Center Coast Capital Advisors LP boosted its position in Williams Partners by 39.8% during the third quarter. Center Coast Capital Advisors LP now owns 6,387,628 shares of the pipeline company’s stock worth $248,479,000 after purchasing an additional 1,817,243 shares during the period. JPMorgan Chase & Co. boosted its position in Williams Partners by 38.2% during the third quarter. JPMorgan Chase & Co. now owns 5,489,436 shares of the pipeline company’s stock worth $212,990,000 after purchasing an additional 1,515,965 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in Williams Partners by 9,962.4% during the second quarter. Balyasny Asset Management LLC now owns 1,428,863 shares of the pipeline company’s stock worth $57,312,000 after purchasing an additional 1,414,663 shares during the period. 22.47% of the stock is owned by hedge funds and other institutional investors.

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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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