Commonwealth Equity Services LLC Acquires 7,155 Shares of Western Midstream Partners, LP (NYSE:WES)

Commonwealth Equity Services LLC increased its holdings in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 50.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,353 shares of the pipeline company's stock after buying an additional 7,155 shares during the quarter. Commonwealth Equity Services LLC's holdings in Western Midstream Partners were worth $821,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Chickasaw Capital Management LLC increased its holdings in shares of 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 worth $259,610,000 after buying an additional 99,518 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 670,440 shares in the last quarter. Recurrent Investment Advisors LLC raised its position in Western Midstream Partners by 5.4% in the third quarter. Recurrent Investment Advisors LLC now owns 1,397,140 shares of the pipeline company's stock valued at $53,455,000 after purchasing an additional 71,210 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in 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 purchasing an additional 698,683 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Western Midstream Partners during the fourth quarter valued at about $19,079,000. 84.82% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

WES has been the subject of a number of research reports. StockNews.com upgraded shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Royal Bank of Canada reissued a "sector perform" rating and issued a $41.00 price objective on shares of Western Midstream Partners in a research note on Monday, December 9th. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $38.43.

Western Midstream Partners Trading Down 7.8 %

Shares of NYSE:WES traded down $3.14 during trading on Friday, reaching $37.06. The stock had a trading volume of 2,170,400 shares, compared to its average volume of 1,228,000. Western Midstream Partners, LP has a 52 week low of $33.64 and a 52 week high of $43.33. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The firm's fifty day moving average is $40.63 and its 200 day moving average is $39.60. The stock has a market cap of $14.13 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 1.40 and a beta of 2.40.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.875 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a yield of 9.45%. Western Midstream Partners's payout ratio is currently 86.85%.

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.