Samalin Investment Counsel LLC Purchases New Position in Western Midstream Partners, LP (NYSE:WES)

Samalin Investment Counsel LLC purchased a new stake in Western Midstream Partners, LP (NYSE:WES - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,230 shares of the pipeline company's stock, valued at approximately $1,085,000.

Other large investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Western Midstream Partners in the fourth quarter worth approximately $1,172,000. HUB Investment Partners LLC lifted its position in shares of Western Midstream Partners by 298.3% in the 4th quarter. HUB Investment Partners LLC now owns 33,800 shares of the pipeline company's stock worth $1,299,000 after purchasing an additional 25,313 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Western Midstream Partners by 40.9% in the 4th quarter. Advisors Asset Management Inc. now owns 104,884 shares of the pipeline company's stock valued at $4,031,000 after purchasing an additional 30,449 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Western Midstream Partners by 555.6% during the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock worth $45,000 after buying an additional 1,000 shares during the period. Finally, Corient Private Wealth LLC raised its stake in Western Midstream Partners by 5.8% during the fourth quarter. Corient Private Wealth LLC now owns 24,478 shares of the pipeline company's stock worth $941,000 after buying an additional 1,337 shares during the last quarter. Institutional investors own 84.82% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed 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. StockNews.com raised Western Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Western Midstream Partners has a consensus rating of "Hold" and a consensus target price of $38.43.

Western Midstream Partners Stock Down 0.1 %

WES stock traded down $0.03 during trading on Thursday, reaching $41.32. 32,999 shares of the stock were exchanged, compared to its average volume of 1,185,486. The firm's 50 day moving average is $40.84 and its 200 day moving average is $39.51. The firm has a market cap of $15.76 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. 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, LP has a twelve month low of $33.64 and a twelve month high of $43.33.

Western Midstream Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid 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 8.47%. Western Midstream Partners's dividend payout ratio (DPR) is presently 86.85%.

Western Midstream Partners Company Profile

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.