Western Midstream Partners, LP (NYSE:WES) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in Western Midstream Partners, LP (NYSE:WES) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,191 shares of the pipeline company’s stock after selling 1,725 shares during the quarter. Stephens Inc. AR’s holdings in Western Midstream Partners were worth $1,506,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC lifted its position 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 purchasing an additional 295 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Western Midstream Partners by 5.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,711 shares of the pipeline company’s stock worth $218,000 after purchasing an additional 311 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Western Midstream Partners by 6.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,053 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 352 shares in the last quarter. Albert D Mason Inc. boosted its stake in shares of Western Midstream Partners by 1.0% during the 3rd quarter. Albert D Mason Inc. now owns 49,261 shares of the pipeline company’s stock valued at $1,885,000 after buying an additional 501 shares during the last quarter. Finally, Private Advisor Group LLC grew its position 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 buying an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price objective on shares of Western Midstream Partners in a research note on Monday, December 9th. StockNews.com downgraded Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Bank of America started coverage on Western Midstream Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $37.00 target price on the stock. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley cut shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $42.00 to $40.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Western Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $37.88.

Western Midstream Partners Stock Performance

NYSE:WES opened at $39.95 on Thursday. Western Midstream Partners, LP has a twelve month low of $27.89 and a twelve month high of $43.33. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.36 and a beta of 2.88. The company has a 50-day moving average of $40.17 and a 200-day moving average of $39.09. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 8.76%. The ex-dividend date of this dividend is Monday, February 3rd. Western Midstream Partners’s dividend payout ratio is 89.29%.

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.