Cushing Asset Management LP grew its position in shares of Williams Partners LP (NYSE:WPZ) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,350,990 shares of the pipeline company’s stock after purchasing an additional 412,874 shares during the quarter. Williams Partners makes up about 3.9% of Cushing Asset Management LP’s portfolio, making the stock its 5th biggest holding. Cushing Asset Management LP owned 0.34% of Williams Partners worth $129,952,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of WPZ. Captrust Financial Advisors purchased a new position in shares of Williams Partners during the 4th quarter valued at approximately $174,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Williams Partners during the 4th quarter valued at approximately $187,000. Capital Analysts LLC increased its holdings in shares of Williams Partners by 1,432.4% during the 4th quarter. Capital Analysts LLC now owns 6,865 shares of the pipeline company’s stock valued at $191,000 after purchasing an additional 6,417 shares in the last quarter. CAPROCK Group Inc. purchased a new position in shares of Williams Partners during the 4th quarter valued at approximately $217,000. Finally, Pitcairn Co. purchased a new position in shares of Williams Partners during the 4th quarter valued at approximately $221,000. 22.13% of the stock is owned by hedge funds and other institutional investors.
In related news, 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 value of $262,405.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Williams Partners from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Barclays lowered shares of Williams Partners from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $47.00 to $45.00 in a report on Wednesday, January 17th. JPMorgan Chase & Co. raised shares of Williams Partners from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $34.74 to $44.06 in a report on Friday. Credit Suisse Group began coverage on shares of Williams Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $48.00 price target for the company. Finally, US Capital Advisors raised shares of Williams Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Williams Partners has a consensus rating of “Buy” and an average price target of $46.26.
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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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