Williams Partners L.p. (WPZ): John D Seldenrust , Senior Vice President – E&C of Williams Partners L.p. sold 9,023 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $37.67 per share for a total value of $339,892.81 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 9, 2015, Alan S Armstrong (CEO) purchased 15,000 shares at $21.05 per share price.
Shares of Williams Partners LP (WPZ) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -0.68% at $37.79 with 1,351,418 shares getting traded. Post opening the session at $37.67, the shares hit an intraday low of $37.11 and an intraday high of $38.15 and the price vacillated in this range throughout the day. The company has a market cap of $22,858 M and the number of outstanding shares has been calculated to be 604,857,370 shares. The 52-week high of Williams Partners LP is $40.36 and the 52-week low is $12.69.
Company has been under the radar of several Street Analysts.Williams Partners LP is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Aug 3, 2016.Williams Partners LP is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 25, 2016.Williams Partners LP is Resumed by Citigroup to Neutral. The Rating was issued on Jul 22, 2016.Williams Partners LP is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 38 from a previous price target of $54 . The Rating was issued on Jun 30, 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 Companys 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.