Williams Insider Sale Buffered (WPZ)

Williams Partners L.P. (NYSE: WPZ) is yet another unit which has a shelf offering.  A filing from Monday evening is for a prospectus as part of a resale registration statement that was filed with the SEC under a shelf registration statement.  Williams Partners will not receive any proceeds from the sale of the common units by the selling unitholder.

Delphi Midstream Partners LLC is the selling unitholder and it may offer from time to time to sell the common units representing limited partner interests in Williams Partners L.P.

This filing may not generate a steady or one-time share sale as it noted, “The selling unitholder may sell the common units at various times and in various types of transactions, including sales in the open market, sales in negotiated transactions and sales by a combination of these methods. These sales may be at market prices prevailing at the time of sale, at prices related to such prevailing market prices, at fixed prices or negotiated prices.”

As this may not come out all at once, the unit offering is not weighing as much on shares (units) as other filings.  Shares are down 1.5% at $60.41 and the 52-week trading range is $45.39 to $65.39.