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

Americana Partners LLC increased its holdings in shares of Western Midstream Partners, LP (NYSE:WES) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 149,581 shares of the pipeline company’s stock after buying an additional 6,699 shares during the period. Americana Partners LLC’s holdings in Western Midstream Partners were worth $5,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WES. Empowered Funds LLC acquired a new position in Western Midstream Partners during the fourth quarter worth about $53,000. Farther Finance Advisors LLC boosted its position in Western Midstream Partners by 287.3% during the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock worth $55,000 after acquiring an additional 1,066 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Western Midstream Partners during the fourth quarter worth about $58,000. Avondale Wealth Management acquired a new position in Western Midstream Partners during the fourth quarter worth about $77,000. Finally, Millburn Ridgefield Corp acquired a new position in Western Midstream Partners during the third quarter worth about $86,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Western Midstream Partners Trading Up 0.2 %

Shares of NYSE:WES opened at $40.57 on Monday. Western Midstream Partners, LP has a 52 week low of $28.07 and a 52 week high of $43.33. The company’s 50 day moving average is $40.18 and its two-hundred day moving average is $39.08. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The company has a market cap of $15.44 billion, a PE ratio of 10.35, a P/E/G ratio of 1.36 and a beta of 2.88.

Western Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio is presently 89.29%.

Analyst Upgrades and Downgrades

WES has been the topic of several recent analyst reports. Morgan Stanley lowered shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $42.00 to $40.00 in a report on Friday, October 25th. StockNews.com lowered shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. US Capital Advisors upgraded shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 target price on shares of Western Midstream Partners in a report on Monday, December 9th. Finally, UBS Group decreased their target price on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.88.

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.