Lindbrook Capital LLC Has $1.09 Million Stock Holdings in Western Midstream Partners, LP (NYSE:WES)

Lindbrook Capital LLC lessened its holdings in Western Midstream Partners, LP (NYSE:WES) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,382 shares of the pipeline company’s stock after selling 3,633 shares during the period. Lindbrook Capital LLC’s holdings in Western Midstream Partners were worth $1,091,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chickasaw Capital Management LLC raised its position in Western Midstream Partners by 1.5% in the fourth quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company’s stock worth $259,610,000 after purchasing an additional 99,518 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Western Midstream Partners by 23.5% during the third quarter. Kayne Anderson Capital Advisors LP now owns 6,228,448 shares of the pipeline company’s stock worth $238,300,000 after buying an additional 1,184,597 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Western Midstream Partners by 60.1% during the third quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock valued at $68,298,000 after purchasing an additional 670,440 shares during the last quarter. Fractal Investments LLC grew its stake in shares of Western Midstream Partners by 5.4% during the third quarter. Fractal Investments LLC now owns 1,465,706 shares of the pipeline company’s stock valued at $56,078,000 after purchasing an additional 75,145 shares during the last quarter. Finally, Recurrent Investment Advisors LLC grew its stake in shares of Western Midstream Partners by 5.4% during the third quarter. Recurrent Investment Advisors LLC now owns 1,397,140 shares of the pipeline company’s stock valued at $53,455,000 after purchasing an additional 71,210 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Trading Down 0.8 %

Shares of NYSE WES opened at $38.39 on Thursday. The company’s 50 day simple moving average is $40.51 and its 200 day simple moving average is $39.24. Western Midstream Partners, LP has a fifty-two week low of $33.39 and a fifty-two week high of $43.33. The firm has a market capitalization of $14.64 billion, a P/E ratio of 9.79, a P/E/G 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 9.12%. Western Midstream Partners’s dividend payout ratio (DPR) is presently 86.85%.

Analysts Set New Price Targets

Several research firms have recently commented on WES. StockNews.com cut shares of Western Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. UBS Group decreased their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.43.

About Western Midstream Partners

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.