Duff Phelps Investment Management Co buys $51,505,029 stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Duff Phelps Investment Management Co scooped up 20,000 additional shares in Williams Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,423,184 shares of Williams Partners LP which is valued at $51,505,029.Williams Partners LP makes up approximately 0.75% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Spirit Of America Management Corpny boosted its stake in WPZ in the latest quarter, The investment management firm added 64,230 additional shares and now holds a total of 330,417 shares of Williams Partners LP which is valued at $11,957,791. Williams Partners LP makes up approx 1.58% of Spirit Of America Management Corpny’s portfolio.Grassi Investment Management reduced its stake in WPZ by selling 4,781 shares or 18.71% in the most recent quarter. The Hedge Fund company now holds 20,772 shares of WPZ which is valued at $771,888. Williams Partners LP makes up approx 0.15% of Grassi Investment Management’s portfolio. Searle added WPZ to its portfolio by purchasing 7,608 company shares during the most recent quarter which is valued at $281,572. Williams Partners LP makes up approx 0.24% of Searle’s portfolio.Advisory Services Network boosted its stake in WPZ in the latest quarter, The investment management firm added 839 additional shares and now holds a total of 1,791 shares of Williams Partners LP which is valued at $65,318. Williams Partners LP makes up approx 0.01% of Advisory Services Network’s portfolio.

Williams Partners LP closed down -0.12 points or -0.33% at $36.19 with 13,58,996 shares getting traded on Friday. Post opening the session at $36.36, the shares hit an intraday low of $36.07 and an intraday high of $36.88 and the price fluctuated in this range throughout the day.Shares ended Friday 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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