Oxbow Advisors Lowers stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Oxbow Advisors reduced its stake in Williams Partners LP by 3.68% during the most recent quarter end. The investment management company now holds a total of 135,220 shares of Williams Partners LP which is valued at $4,989,618 after selling 5,160 shares in Williams Partners LP , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Williams Partners LP makes up approximately 0.70% of Oxbow Advisors’s portfolio.

Other Hedge Funds, Including , Alps Advisors Inc reduced its stake in WPZ by selling 1,021,797 shares or 6.21% in the most recent quarter. The Hedge Fund company now holds 15,432,728 shares of WPZ which is valued at $560,825,336. Williams Partners LP makes up approx 4.96% of Alps Advisors Inc’s portfolio. Donald L. Hagan sold out all of its stake in WPZ during the most recent quarter. The investment firm sold 260 shares of WPZ which is valued $9,703.

Williams Partners LP opened for trading at $36.54 and hit $37.24 on the upside on Monday, eventually ending the session at $36.77, with a gain of 1.02% or 0.37 points. The heightened volatility saw the trading volume jump to 26,46,395 shares. Company has a market cap of $22,241 M.

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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