Williams Partners LP (NYSE:WPZ) CEO Alan S. Armstrong purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $35.00 per share, for a total transaction of $175,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Williams Partners LP (NYSE WPZ) traded down $0.40 on Thursday, hitting $35.02. The company’s stock had a trading volume of 1,360,000 shares, compared to its average volume of 997,131. The company has a market capitalization of $34,100.00, a price-to-earnings ratio of 23.15, a PEG ratio of 2.58 and a beta of 1.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06. Williams Partners LP has a 52-week low of $33.12 and a 52-week high of $42.32.

The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were paid a $0.60 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $2.40 annualized dividend and a dividend yield of 6.85%. Williams Partners’s payout ratio is presently 171.43%.

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Several large investors have recently added to or reduced their stakes in WPZ. Center Coast Capital Advisors LP bought a new stake in shares of Williams Partners during the 2nd quarter valued at $183,318,000. Harvest Fund Advisors LLC boosted its holdings in shares of Williams Partners by 32.5% in the 3rd 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 in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Williams Partners by 11.4% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Williams Partners by 38.2% in the 3rd 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 in the last quarter. Finally, Balyasny Asset Management LLC boosted its holdings in shares of Williams Partners by 9,962.4% in the 2nd 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 in the last quarter. Institutional investors own 22.78% of the company’s stock.

A number of research firms recently weighed in on WPZ. BidaskClub cut Williams Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Jefferies Group LLC reaffirmed 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 Williams Partners and gave the company a “buy” rating in a report on Friday, October 13th. Wells Fargo & Company reduced their target price on Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Finally, Wolfe Research assumed coverage on Williams Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Williams Partners has an average rating of “Buy” and a consensus price target of $44.93.

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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