Atlantic Trust Group buys $175.1 Million stake in Williams Partners LP (WPZ)

Williams Partners LP (WPZ) : Atlantic Trust Group scooped up 1,657,389 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 11, 2016. The investment management firm now holds a total of 5,800,851 shares of Williams Partners LP which is valued at $175.1 Million.Williams Partners LP makes up approximately 1.33% of Atlantic Trust Group’s portfolio.

Other Hedge Funds, Including , Cambridge Investment Research Advisors reduced its stake in WPZ by selling 1,047 shares or 8.4% in the most recent quarter. The Hedge Fund company now holds 11,423 shares of WPZ which is valued at $318,930. Williams Partners LP makes up approx 0.01% of Cambridge Investment Research Advisors’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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