Hollencrest Securities buys $4 Million stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Hollencrest Securities scooped up 9,604 additional shares in Williams Partners LP during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 176,974 shares of Williams Partners LP which is valued at $4 Million.Williams Partners LP makes up approximately 0.70% of Hollencrest Securities’s portfolio.

Many Wall Street Analysts have commented on Williams Partners LP. Williams Partners LP was Downgraded by Wells Fargo to ” Market Perform” on Jan 15, 2016.

Williams Partners LP opened for trading at $22.08 and hit $23.4024 on the upside on Monday, eventually ending the session at $22.61, with a gain of 3.19% or 0.7 points. The heightened volatility saw the trading volume jump to 24,33,814 shares. Company has a market cap of $13,654 M.

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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