Trust Asset Management buys $9,223,786 stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Trust Asset Management scooped up 164,703 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 5, 2016. The investment management firm now holds a total of 252,845 shares of Williams Partners LP which is valued at $9,223,786.Williams Partners LP makes up approximately 3.75% of Trust Asset Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in WPZ in the latest quarter, The investment management firm added 9,119 additional shares and now holds a total of 23,419 shares of Williams Partners LP which is valued at $854,325.

Williams Partners LP closed down -0.87 points or -2.38% at $35.74 with 11,62,907 shares getting traded on Tuesday. Post opening the session at $36.67, the shares hit an intraday low of $35.6 and an intraday high of $36.8015 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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