Aire Advisors LLC Takes Position in Western Midstream Partners, LP (NYSE:WES)

Aire Advisors LLC acquired a new position in shares of Western Midstream Partners, LP (NYSE:WES) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,145 shares of the pipeline company’s stock, valued at approximately $467,000.

Several other large investors also recently added to or reduced their stakes in WES. Stifel Financial Corp grew its holdings in shares of Western Midstream Partners by 42.1% during the third quarter. Stifel Financial Corp now owns 108,367 shares of the pipeline company’s stock valued at $4,146,000 after buying an additional 32,119 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Western Midstream Partners by 6.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 996,018 shares of the pipeline company’s stock valued at $38,108,000 after purchasing an additional 60,603 shares during the period. Citigroup Inc. lifted its position in shares of Western Midstream Partners by 322.1% in the third quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company’s stock worth $15,556,000 after purchasing an additional 310,260 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 670,440 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its position in Western Midstream Partners by 6,986.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company’s stock valued at $27,114,000 after purchasing an additional 698,683 shares in the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Trading Up 0.2 %

Shares of NYSE:WES opened at $41.36 on Tuesday. The stock’s 50-day moving average is $40.82 and its 200-day moving average is $39.48. 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 market cap of $15.77 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 52-week low of $33.64 and a 52-week high of $43.33.

Western Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 annualized dividend and a dividend yield of 8.46%. Western Midstream Partners’s dividend payout ratio is currently 86.85%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WES. US Capital Advisors upgraded shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Western Midstream Partners presently has a consensus rating of “Hold” and an average price target of $38.43.

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.