28,230 Shares in Western Midstream Partners, LP (NYSE:WES) Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC acquired a new position in shares of Western Midstream Partners, LP (NYSE:WES) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 28,230 shares of the pipeline company’s stock, valued at approximately $1,085,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pathstone Holdings LLC raised its holdings in Western Midstream Partners by 3.2% during the 3rd quarter. Pathstone Holdings LLC now owns 34,532 shares of the pipeline company’s stock worth $1,321,000 after buying an additional 1,069 shares during the period. Caprock Group LLC acquired a new stake in Western Midstream Partners during the 3rd quarter worth approximately $203,000. Banco Santander S.A. raised its holdings in Western Midstream Partners by 21.6% during the 3rd quarter. Banco Santander S.A. now owns 16,259 shares of the pipeline company’s stock worth $622,000 after buying an additional 2,887 shares during the period. Citigroup Inc. raised its holdings in Western Midstream Partners by 322.1% during the 3rd quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company’s stock worth $15,556,000 after buying an additional 310,260 shares during the period. Finally, Cerity Partners LLC raised its holdings in Western Midstream Partners by 55.2% during the 3rd quarter. Cerity Partners LLC now owns 29,878 shares of the pipeline company’s stock worth $1,143,000 after buying an additional 10,624 shares during the period. Institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. 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. StockNews.com upgraded shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 price objective on shares of Western Midstream Partners in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.43.

Western Midstream Partners Price Performance

Shares of WES opened at $41.24 on Friday. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 1-year low of $33.64 and a 1-year high of $43.33. The company’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $39.44. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a yield of 8.49%. Western Midstream Partners’s payout ratio is 86.85%.

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.