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

Americana Partners LLC raised its position in Western Midstream Partners, LP (NYSE:WES) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,581 shares of the pipeline company’s stock after acquiring an additional 6,699 shares during the period. Americana Partners LLC’s holdings in Western Midstream Partners were worth $5,748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WES. Chickasaw Capital Management LLC lifted its stake in shares of Western Midstream Partners by 1.5% during the fourth quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company’s stock worth $259,610,000 after buying an additional 99,518 shares during the period. Kayne Anderson Capital Advisors LP lifted its stake in shares of 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 period. JPMorgan Chase & Co. lifted 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 worth $68,298,000 after buying an additional 670,440 shares during the period. Fractal Investments LLC lifted 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 worth $56,078,000 after buying an additional 75,145 shares during the period. Finally, Recurrent Investment Advisors LLC lifted 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 worth $53,455,000 after buying an additional 71,210 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley downgraded shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $42.00 to $40.00 in a research note on Friday, October 25th. US Capital Advisors upgraded 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 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. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. Finally, StockNews.com downgraded shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Western Midstream Partners presently has an average rating of “Hold” and a consensus price target of $37.88.

Western Midstream Partners Stock Up 0.2 %

WES stock opened at $40.57 on Monday. The stock has a market capitalization of $15.44 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.36 and a beta of 2.88. The firm has a 50-day simple moving average of $40.18 and a 200-day simple moving average of $39.08. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. Western Midstream Partners, LP has a 52 week low of $28.07 and a 52 week high of $43.33.

Western Midstream Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.875 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.63%. Western Midstream Partners’s dividend payout ratio is currently 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.