Western Midstream Partners, LP (NYSE:WES) Shares Bought by Ieq Capital LLC

Ieq Capital LLC lifted its position in Western Midstream Partners, LP (NYSE:WES) by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,070 shares of the pipeline company’s stock after purchasing an additional 6,265 shares during the period. Ieq Capital LLC’s holdings in Western Midstream Partners were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WES. Global Retirement Partners LLC purchased a new stake in shares of Western Midstream Partners during the 4th quarter worth about $51,000. Venturi Wealth Management LLC acquired a new stake in Western Midstream Partners in the fourth quarter valued at approximately $113,000. D.A. Davidson & CO. increased its position in shares of Western Midstream Partners by 8.1% in the fourth quarter. D.A. Davidson & CO. now owns 48,306 shares of the pipeline company’s stock valued at $1,856,000 after buying an additional 3,602 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Western Midstream Partners by 11.0% during the 4th quarter. Sanctuary Advisors LLC now owns 19,241 shares of the pipeline company’s stock worth $739,000 after buying an additional 1,909 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Western Midstream Partners by 5.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 353,344 shares of the pipeline company’s stock valued at $13,579,000 after buying an additional 19,079 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WES. UBS Group reduced their price objective on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. StockNews.com lowered shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Royal Bank of Canada restated a “sector perform” rating and issued a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. Finally, US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.88.

Western Midstream Partners Stock Performance

Western Midstream Partners stock opened at $40.47 on Tuesday. The firm has a 50 day simple moving average of $40.38 and a 200-day simple moving average of $39.17. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. Western Midstream Partners, LP has a 1-year low of $33.15 and a 1-year high of $43.33.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio is presently 89.29%.

Western Midstream Partners Profile

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.