Keybank National Association OH Has $1.50 Million Position in Western Midstream Partners, LP (NYSE:WES)

Keybank National Association OH lifted its position in shares of Western Midstream Partners, LP (NYSE:WES) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,903 shares of the pipeline company’s stock after buying an additional 2,660 shares during the period. Keybank National Association OH’s holdings in Western Midstream Partners were worth $1,495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Apollon Wealth Management LLC boosted 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 buying an additional 295 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Western Midstream Partners by 6.2% during the third quarter. Concurrent Investment Advisors LLC now owns 6,053 shares of the pipeline company’s stock worth $232,000 after buying an additional 352 shares during the period. Private Advisor Group LLC boosted 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 during the period. PFG Investments LLC boosted its position in shares of Western Midstream Partners by 1.6% during the fourth quarter. PFG Investments LLC now owns 33,424 shares of the pipeline company’s stock worth $1,284,000 after buying an additional 540 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of Western Midstream Partners by 10.5% during the fourth quarter. Mutual Advisors LLC now owns 6,060 shares of the pipeline company’s stock worth $247,000 after buying an additional 577 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Price Performance

NYSE:WES opened at $38.94 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock’s 50 day moving average price is $40.46 and its two-hundred day moving average price is $39.23. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 12-month low of $33.39 and a 12-month high of $43.33.

Western Midstream Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 8.99%. Western Midstream Partners’s dividend payout ratio is 86.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WES. UBS Group reduced their price target on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. StockNews.com raised Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.43.

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.