Catalyst Capital Advisors LLC Raises Stock Holdings in Western Midstream Partners, LP (NYSE:WES)

Catalyst Capital Advisors LLC boosted its stake in Western Midstream Partners, LP (NYSE:WES - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 353,344 shares of the pipeline company's stock after purchasing an additional 19,079 shares during the period. Catalyst Capital Advisors LLC owned about 0.09% of Western Midstream Partners worth $13,579,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WES. Chickasaw Capital Management LLC boosted its position in Western Midstream Partners by 1.5% during the fourth quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company's stock valued at $259,610,000 after acquiring an additional 99,518 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Western Midstream Partners by 23.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 6,228,448 shares of the pipeline company's stock worth $238,300,000 after acquiring an additional 1,184,597 shares during the period. JPMorgan Chase & Co. grew its stake in Western Midstream Partners by 60.1% during 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 in the last quarter. Fractal Investments LLC lifted its stake in Western Midstream Partners by 5.4% in the 3rd quarter. Fractal Investments LLC now owns 1,465,706 shares of the pipeline company's stock worth $56,078,000 after purchasing an additional 75,145 shares in the last quarter. Finally, Recurrent Investment Advisors LLC raised its holdings in shares of Western Midstream Partners by 5.4% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,397,140 shares of the pipeline company's stock valued at $53,455,000 after acquiring an additional 71,210 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WES shares. Royal Bank of Canada reissued a "sector perform" rating and set a $41.00 price objective on shares of Western Midstream Partners in a report on Monday, December 9th. US Capital Advisors raised Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. StockNews.com downgraded shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, October 28th. UBS Group decreased their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, November 15th. Finally, Morgan Stanley downgraded shares of Western Midstream Partners from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $42.00 to $40.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $37.88.

Western Midstream Partners Price Performance

Shares of WES stock traded up $0.16 on Thursday, hitting $41.52. 929,977 shares of the stock traded hands, compared to its average volume of 1,313,933. Western Midstream Partners, LP has a 52 week low of $30.01 and a 52 week 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 firm has a market cap of $15.80 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.40 and a beta of 2.88. The firm has a 50 day simple moving average of $40.33 and a two-hundred day simple moving average of $39.14.

Western Midstream Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners's dividend payout ratio is currently 89.29%.

Western Midstream Partners 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.