Pointe Capital Management buys $3,186,291 stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Pointe Capital Management scooped up 36,620 additional shares in Williams Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 87,680 shares of Williams Partners LP which is valued at $3,186,291.Williams Partners LP makes up approximately 2.30% of Pointe Capital Management’s portfolio.

Other Hedge Funds, Including , Winslow Evans Crocker boosted its stake in WPZ in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 11,138 shares of Williams Partners LP which is valued at $415,670. Williams Partners LP makes up approx 0.12% of Winslow Evans Crocker’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.Capital One National Association boosted its stake in WPZ in the latest quarter, The investment management firm added 1,474 additional shares and now holds a total of 16,887 shares of Williams Partners LP which is valued at $629,041. Williams Partners LP makes up approx 0.05% of Capital One National Association’s portfolio.Trust Asset Management reduced its stake in WPZ by selling 37,410 shares or 29.8% in the most recent quarter. The Hedge Fund company now holds 88,142 shares of WPZ which is valued at $3,283,290. Williams Partners LP makes up approx 1.51% of Trust Asset Management’s portfolio.

Williams Partners LP opened for trading at $36.2 and hit $37.4 on the upside on Friday, eventually ending the session at $37.34, with a gain of 2.89% or 1.05 points. The heightened volatility saw the trading volume jump to 10,95,281 shares. Company has a market cap of $22,552 M.

Investors should note that on Jul 26, 2016, Williams Partners LP announced a cash dividend of $0.8500. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 12, 2016.

Many Wall Street Analysts have commented on Williams Partners LP. 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. Shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Sector Perform” and Lowered the Price Target to $ 38 from a previous price target of $54 .

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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