Alps Advisors Inc buys $496,762,110 stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Alps Advisors Inc scooped up 3,355,321 additional shares in Williams Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 16,454,525 shares of Williams Partners LP which is valued at $496,762,110.Williams Partners LP makes up approximately 4.82% of Alps Advisors Inc’s portfolio.

Other Hedge Funds, Including , Kayne Anderson Capital Advisors Lp reduced its stake in WPZ by selling 678,546 shares or 3.58% in the most recent quarter. The Hedge Fund company now holds 18,282,700 shares of WPZ which is valued at $551,954,713. Williams Partners LP makes up approx 6.88% of Kayne Anderson Capital Advisors Lp’s portfolio.Neuberger Berman Group reduced its stake in WPZ by selling 260,022 shares or 86.96% in the most recent quarter. The Hedge Fund company now holds 39,001 shares of WPZ which is valued at $1,088,908. American Century Companies Inc sold out all of its stake in WPZ during the most recent quarter. The investment firm sold 11,806 shares of WPZ which is valued $329,624.Trust Asset Management boosted its stake in WPZ in the latest quarter, The investment management firm added 56,455 additional shares and now holds a total of 125,552 shares of Williams Partners LP which is valued at $3,795,437. Williams Partners LP makes up approx 2.07% of Trust Asset Management’s portfolio.

Williams Partners LP opened for trading at $31 and hit $32.33 on the upside on Monday, eventually ending the session at $32.3, with a gain of 6.99% or 2.11 points. The heightened volatility saw the trading volume jump to 44,39,968 shares. Company has a market cap of $19,508 M.

Many Wall Street Analysts have commented on Williams Partners LP. Williams Partners LP was Upgraded by Raymond James to ” Outperform” on May 6, 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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