Raymond James Financial Inc. acquired a new stake in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 496,468 shares of the pipeline company's stock, valued at approximately $19,079,000. Raymond James Financial Inc. owned approximately 0.13% of Western Midstream Partners as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in WES. Kayne Anderson Capital Advisors LP raised its position in Western Midstream Partners by 23.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 6,228,448 shares of the pipeline company's stock worth $238,300,000 after purchasing an additional 1,184,597 shares during the period. Duff & Phelps Investment Management Co. increased its position in shares of Western Midstream Partners by 6,986.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company's stock valued at $27,114,000 after acquiring an additional 698,683 shares during the period. JPMorgan Chase & Co. increased its position in shares of Western Midstream Partners by 60.1% in the third quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company's stock valued at $68,298,000 after acquiring an additional 670,440 shares during the period. Citigroup Inc. boosted its stake in shares of Western Midstream Partners by 322.1% during the 3rd quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company's stock valued at $15,556,000 after purchasing an additional 310,260 shares in the last quarter. Finally, Terril Brothers Inc. boosted its stake in shares of Western Midstream Partners by 38.4% during the 4th quarter. Terril Brothers Inc. now owns 374,536 shares of the pipeline company's stock valued at $14,393,000 after purchasing an additional 104,000 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.
Western Midstream Partners Stock Up 0.0 %
NYSE:WES traded up $0.01 during mid-day trading on Thursday, hitting $41.85. 545,058 shares of the company's stock were exchanged, compared to its average volume of 1,184,189. Western Midstream Partners, LP has a one year low of $33.64 and a one year high of $43.33. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day moving average price of $40.73 and a 200 day moving average price of $39.39. The company has a market cap of $15.96 billion, a PE ratio of 10.68, a P/E/G ratio of 1.40 and a beta of 2.88.
Western Midstream Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 8.36%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners's payout ratio is currently 86.85%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $41.00 target price on shares of Western Midstream Partners in a research note on Monday, December 9th. US Capital Advisors raised shares of Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.43.
View Our Latest Stock Analysis on Western Midstream Partners
About Western Midstream Partners
(
Free Report)
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.
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