Parkside Financial Bank & Trust Sells 263 Shares of Western Midstream Partners, LP (NYSE:WES)

Parkside Financial Bank & Trust lessened its holdings in shares of Western Midstream Partners, LP (NYSE:WES) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,120 shares of the pipeline company’s stock after selling 263 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Western Midstream Partners were worth $1,503,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its holdings in Western Midstream Partners by 3.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 58,670 shares of the pipeline company’s stock worth $2,255,000 after acquiring an additional 1,709 shares during the period. IFP Advisors Inc grew its holdings in Western Midstream Partners by 30.0% during the 4th quarter. IFP Advisors Inc now owns 7,187 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 1,657 shares during the period. Howard Capital Management Inc. acquired a new stake in Western Midstream Partners during the 4th quarter worth $2,557,000. Dividend Assets Capital LLC grew its holdings in Western Midstream Partners by 8.9% during the 4th quarter. Dividend Assets Capital LLC now owns 65,652 shares of the pipeline company’s stock worth $2,523,000 after acquiring an additional 5,352 shares during the period. Finally, Hardy Reed LLC grew its holdings in Western Midstream Partners by 26.9% during the 4th quarter. Hardy Reed LLC now owns 18,850 shares of the pipeline company’s stock worth $724,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Trading Down 1.2 %

WES opened at $39.94 on Friday. The stock has a market capitalization of $15.20 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 12 month low of $33.15 and a 12 month high of $43.33. The firm’s fifty day simple moving average is $40.48 and its 200 day simple moving average is $39.19. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 8.76%. Western Midstream Partners’s dividend payout ratio is currently 89.29%.

Wall Street Analysts Forecast Growth

WES has been the subject of a number of analyst reports. 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $41.00 price target on shares of Western Midstream Partners in a report on Monday, December 9th. Finally, UBS Group decreased their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Western Midstream Partners currently has an average 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.