Large Outflow of Money Witnessed in Williams Partners LP

Williams Partners LP (WPZ) jumped 0.39 points or 0.97% on strong buying and was last priced at $40.58 per share. The shares saw huge fund flow intraday; a massive $9.82 million made their way in through the upticks but an even bigger $16.32 million made their way out through downticks. As per the last observation, the net money flow stood at $(-6.5) million and the up/down ratio was found to be 0.6. The shares have seen a weekly value change of -3.75% .A block trade was recorded in the company shares with a net money flow of $(-5.02) million. The composite value of the funds in upticks was $0.49 million and the total value of funds in downticks was $5.51. As can be seen from the data, the block transaction had the up/down ratio of 0.09.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Williams Partners L.P. has dropped 0.88% in the last five trading days, however, the shares have posted positive gains of 6.73% in the last 4 weeks. Williams Partners L.P. is up 16.11% in the last 3-month period. Year-to-Date the stock performance stands at 6.73%. Williams Partners LP (NYSE:WPZ) rose 1% or 0.4 points on Wednesday and made its way into the gainers of the day. After trading began at $40.52 the stock was seen hitting $40.94 as a peak level and $40.4875 as the lowest level. The stock ended up at $40.59. The daily volume was measured at 1,484,048 shares. The 52-week high of the share price is $42.32 and the 52-week low is $12.69. The company has a market cap of $39,117 million.

Company has reported several Insider transactions to the SEC, on Sep 13, 2016, John D Seldenrust (Senior Vice President – E&C) sold 9,023 shares at 37.67 per share price.On Dec 9, 2015, Alan S Armstrong (CEO) purchased 15,000 shares at 21.05 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Williams Partners LP was Initiated by Credit Suisse to Neutral on Jan 26, 2017. Williams Partners LP was Upgraded by Raymond James to Strong Buy on Jan 11, 2017. Company shares were Upgraded by Stifel on Jan 10, 2017 to Buy, Raises Price Target to $ 43 from a previous price target of $37 .Williams Partners LP was Resumed by Barclays on Dec 5, 2016 to Equal Weight, Price Target of the shares are set at $37.

Williams Partners L.P. is a master limited partnership. The company is engaged in gathering, processing, transportation and storage of natural gas and natural gas liquids. It operates primarily in U.S. and Canada. Williams Partners L.P., formerly known as Access Midstream Partners, L.P., is headquartered in Oklahoma City.

Williams

Share this post

Leave a Reply