Hollencrest Capital Management boosted its holdings in Williams Partners LP (NYSE:WPZ) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 202,549 shares of the pipeline company’s stock after acquiring an additional 3,272 shares during the quarter. Williams Partners accounts for approximately 1.0% of Hollencrest Capital Management’s portfolio, making the stock its 21st largest position. Hollencrest Capital Management’s holdings in Williams Partners were worth $7,855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC raised its holdings in Williams Partners by 1.2% in the second quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after purchasing an additional 67 shares during the period. Balentine LLC raised its holdings in Williams Partners by 10.6% in 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. M&T Bank Corp raised its holdings in Williams Partners by 1.2% in the second quarter. M&T Bank Corp now owns 37,811 shares of the pipeline company’s stock worth $1,517,000 after purchasing an additional 459 shares during the period. CNH Partners LLC raised its holdings in Williams Partners by 2.6% in the second quarter. CNH Partners LLC now owns 19,436 shares of the pipeline company’s stock worth $780,000 after purchasing an additional 500 shares during the period. Finally, Williams Jones & Associates LLC raised its holdings in Williams Partners by 2.6% in the second quarter. Williams Jones & Associates LLC now owns 33,201 shares of the pipeline company’s stock worth $1,332,000 after purchasing an additional 838 shares during the period. Institutional investors and hedge funds own 22.47% of the company’s stock.

In other news, insider John D. Seldenrust sold 6,770 shares of Williams Partners 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan S. Armstrong acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.

WPZ has been the topic of several analyst reports. BidaskClub lowered shares of Williams Partners from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Royal Bank of Canada restated a “hold” rating and set a $47.00 price objective on shares of Williams Partners in a report on Tuesday. Wells Fargo & Co dropped their price objective on shares of Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Stifel Nicolaus set a $45.00 price objective on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, Credit Suisse Group began coverage on shares of Williams Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $48.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.50.

Williams Partners LP (WPZ) traded down $0.17 during trading on Friday, reaching $42.34. 894,800 shares of the company were exchanged, compared to its average volume of 1,444,642. The company has a market capitalization of $41,040.00, a P/E ratio of 30.24, a P/E/G ratio of 2.82 and a beta of 1.45. Williams Partners LP has a 1-year low of $34.74 and a 1-year high of $43.75. 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 (NYSE:WPZ) last released its earnings results on Wednesday, November 1st. The pipeline company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Williams Partners had a net margin of 17.02% and a return on equity of 5.55%. analysts predict that Williams Partners LP will post 1.7 earnings per share for the current fiscal year.

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

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