Cushing Asset Management Lp buys $89,745,013 stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Cushing Asset Management Lp scooped up 656,780 additional shares in Williams Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,510,350 shares of Williams Partners LP which is valued at $89,745,013.Williams Partners LP makes up approximately 3.37% of Cushing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Omega Advisors reduced its stake in WPZ by selling 177,700 shares or 14.91% in the most recent quarter. The Hedge Fund company now holds 1,013,900 shares of WPZ which is valued at $36,246,925. Williams Partners LP makes up approx 0.95% of Omega Advisors’s portfolio.Renaissance Technologies reduced its stake in WPZ by selling 2,038,665 shares or 96.31% in the most recent quarter. The Hedge Fund company now holds 78,134 shares of WPZ which is valued at $2,793,291. Williams Partners LP makes up approx 0.01% of Renaissance Technologies’s portfolio. Quadrature Capital Ltd sold out all of its stake in WPZ during the most recent quarter. The investment firm sold 64,063 shares of WPZ which is valued $2,290,252.

Williams Partners LP closed down -0.23 points or -0.60% at $37.87 with 7,91,171 shares getting traded on Thursday. Post opening the session at $37.98, the shares hit an intraday low of $37.71 and an intraday high of $38.21 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on Williams Partners LP. Williams Partners LP was Downgraded by Raymond James to ” Mkt Perform” on Aug 3, 2016. Williams Partners LP was Downgraded by Jefferies to ” Hold” on Jul 25, 2016. Williams Partners LP was Resumed by Citigroup to “Neutral” on Jul 22, 2016.

Williams Partners L.P. formerly Access Midstream Partners L.P. owns operates develops and acquires natural gas natural gas liquids (NGLs) and oil gathering systems and other midstream energy assets. The Company’s business segments include Access Midstream Northeast G&P Atlantic-Gulf West and NGL & Petchem Services. The Access Midstream segment provides gathering treating and compression services to producers. The Northeast G&P segment includes natural gas gathering and processing and NGL fractionation businesses. Atlantic-Gulf segment includes its interstate natural gas pipeline Transcontinental Gas Pipeline Company LLC (Transco) and natural gas gathering and processing and crude oil production handling and transportation. The NGL & Petchem Services segment includes its 88.5% interest in an olefins production facility in Geismar Louisiana along with an RGP Splitter and various petrochemical and feedstock pipelines.

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