The Spirit of America Management Corp NY Boosts Position in Williams Partners L.P. (WPZ)

The Spirit of America Management Corp NY Boosts Position in Williams Partners L.P. (WPZ)

Spirit of America Management Corp NY boosted its stake in shares of Williams Partners L.P. (NYSE:WPZ) by 24.1% during the third quarter, Holdings Channel reports. The institutional investor owned 330,417 shares of the company’s stock after buying an additional 64,230 shares during the period. Williams Partners L.P. comprises approximately 1.6% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 15th largest position. Spirit of America Management Corp NY’s holdings in Williams Partners L.P. were worth $12,288,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in WPZ. Renaissance Technologies LLC purchased a new stake in shares of Williams Partners L.P. during the first quarter valued at $43,289,000. Harvest Fund Advisors LLC increased its stake in shares of Williams Partners L.P. by 19.0% in the first quarter. Harvest Fund Advisors LLC now owns 6,537,860 shares of the company’s stock valued at $133,699,000 after buying an additional 1,044,910 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Williams Partners L.P. by 1.3% in the second quarter. Stephens Inc. AR now owns 26,135 shares of the company’s stock valued at $905,000 after buying an additional 325 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Williams Partners L.P. during the first quarter valued at $736,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Williams Partners L.P. during the second quarter valued at $540,000. 36.16% of the stock is currently owned by institutional investors and hedge funds.

Williams Partners L.P. (NYSE:WPZ) traded down 0.33% during mid-day trading on Friday, hitting $36.19. 1,358,996 shares of the stock were exchanged. The company has a 50 day moving average of $37.42 and a 200 day moving average of $33.13. The firm’s market cap is $21.31 billion. Williams Partners L.P. has a 12-month low of $12.69 and a 12-month high of $40.36.

Williams Partners L.P. (NYSE:WPZ) last released its earnings results on Monday, August 1st. The company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.67. Williams Partners L.P. had a positive return on equity of 0.30% and a negative net margin of 25.63%. On average, equities analysts anticipate that Williams Partners L.P. will post $0.76 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on WPZ shares. Stephens started coverage on shares of Williams Partners L.P. in a research note on Thursday, September 29th. They issued an “overweight” rating and a $43.00 target price on the stock. Zacks Investment Research raised shares of Williams Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 6th. US Capital Advisors downgraded shares of Williams Partners L.P. from an “overweight” rating to a “hold” rating in a research note on Thursday, September 8th. Citigroup Inc. raised their price target on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, August 12th. Finally, Royal Bank Of Canada reduced their price target on shares of Williams Partners L.P. from $54.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 30th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $39.00.

In related news, insider John D. Seldenrust sold 9,023 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $37.67, for a total transaction of $339,896.41. Following the sale, the insider now directly owns 53,998 shares in the company, valued at $2,034,104.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Williams Partners L.P. Company Profile

Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.

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