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

Lindbrook Capital LLC trimmed its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Apollon Wealth Management LLC raised its holdings in shares of Western Midstream Partners by 1.2% during the fourth quarter. Apollon Wealth Management LLC now owns 25,691 shares of the pipeline company’s stock worth $987,000 after acquiring an additional 295 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of Western Midstream Partners by 6.2% during the third quarter. Concurrent Investment Advisors LLC now owns 6,053 shares of the pipeline company’s stock worth $232,000 after acquiring an additional 352 shares during the period. Private Advisor Group LLC raised its holdings in shares of Western Midstream Partners by 9.6% during the third quarter. Private Advisor Group LLC now owns 6,066 shares of the pipeline company’s stock worth $232,000 after acquiring an additional 531 shares during the period. PFG Investments LLC raised its holdings in shares of Western Midstream Partners by 1.6% during the fourth quarter. PFG Investments LLC now owns 33,424 shares of the pipeline company’s stock worth $1,284,000 after acquiring an additional 540 shares during the period. Finally, Mutual Advisors LLC raised its holdings in shares of Western Midstream Partners by 10.5% during the fourth quarter. Mutual Advisors LLC now owns 6,060 shares of the pipeline company’s stock worth $247,000 after acquiring an additional 577 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price objective on shares of Western Midstream Partners in a report on Monday, December 9th. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. UBS Group decreased their target price 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. Finally, StockNews.com downgraded shares of Western Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.43.

Western Midstream Partners Stock Performance

Shares of WES stock opened at $38.39 on Thursday. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.40 and a beta of 2.88. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50-day simple moving average of $40.51 and a 200 day simple moving average of $39.24. Western Midstream Partners, LP has a 52 week low of $33.39 and a 52 week high of $43.33.

Western Midstream Partners Announces Dividend

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

Western Midstream Partners Company 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.