Western Midstream Partners, LP (NYSE:WES) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in Western Midstream Partners, LP (NYSE:WES - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 104,884 shares of the pipeline company's stock after purchasing an additional 30,449 shares during the quarter. Advisors Asset Management Inc.'s holdings in Western Midstream Partners were worth $4,031,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Stifel Financial Corp lifted its stake in shares of Western Midstream Partners by 42.1% during the 3rd quarter. Stifel Financial Corp now owns 108,367 shares of the pipeline company's stock worth $4,146,000 after acquiring an additional 32,119 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Western Midstream Partners by 6.5% during the third quarter. BNP Paribas Financial Markets now owns 996,018 shares of the pipeline company's stock worth $38,108,000 after purchasing an additional 60,603 shares during the last quarter. MAI Capital Management boosted its stake in shares of Western Midstream Partners by 293.1% during the third quarter. MAI Capital Management now owns 29,878 shares of the pipeline company's stock valued at $1,143,000 after purchasing an additional 22,277 shares during the period. Citigroup Inc. grew its holdings in shares of Western Midstream Partners by 322.1% in the third quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company's stock worth $15,556,000 after purchasing an additional 310,260 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Western Midstream Partners by 60.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company's stock worth $68,298,000 after buying an additional 670,440 shares during the period. Institutional investors own 84.82% of the company's stock.

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Western Midstream Partners Price Performance

Shares of Western Midstream Partners stock traded down $0.18 during trading hours on Tuesday, reaching $41.19. 552,635 shares of the company's stock were exchanged, compared to its average volume of 1,191,487. 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 business has a fifty day moving average of $40.82 and a two-hundred day moving average of $39.48. Western Midstream Partners, LP has a 1 year low of $33.64 and a 1 year high of $43.33. The company has a market capitalization of $15.71 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88.

Western Midstream Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 8.50%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners's payout ratio is currently 86.85%.

Wall Street Analysts Forecast Growth

WES has been the subject of a number of research reports. US Capital Advisors upgraded Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. StockNews.com raised Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $41.00 price objective on shares of Western Midstream Partners in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Western Midstream Partners presently has an average rating of "Hold" and an average target price 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.