Curated Wealth Partners LLC Makes New Investment in Western Midstream Partners, LP (NYSE:WES)

Curated Wealth Partners LLC bought a new position in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,400 shares of the pipeline company's stock, valued at approximately $246,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC lifted its holdings in shares of Western Midstream Partners by 16.1% during the third quarter. Cedar Mountain Advisors LLC now owns 2,158 shares of the pipeline company's stock worth $83,000 after purchasing an additional 299 shares during the period. Bleakley Financial Group LLC lifted its holdings in Western Midstream Partners by 5.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,711 shares of the pipeline company's stock worth $218,000 after buying an additional 311 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Western Midstream Partners by 6.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,053 shares of the pipeline company's stock valued at $232,000 after buying an additional 352 shares during the last quarter. Truist Financial Corp increased its stake in shares of Western Midstream Partners by 1.9% in the second quarter. Truist Financial Corp now owns 22,508 shares of the pipeline company's stock valued at $894,000 after buying an additional 421 shares during the period. Finally, Albert D Mason Inc. raised its position in shares of Western Midstream Partners by 1.0% during the third quarter. Albert D Mason Inc. now owns 49,261 shares of the pipeline company's stock worth $1,885,000 after acquiring an additional 501 shares during the last quarter. 84.82% of the stock is owned by institutional investors.

Western Midstream Partners Stock Down 0.1 %

WES stock traded down $0.04 during midday trading on Friday, reaching $42.39. 807,183 shares of the company's stock traded hands, compared to its average volume of 879,214. Western Midstream Partners, LP has a 52 week low of $27.84 and a 52 week high of $43.33. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.41 and a beta of 2.90. The firm's fifty day moving average price is $39.67 and its 200-day moving average price is $39.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners (NYSE:WES - Get Free Report) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.09). The business had revenue of $883.36 million during the quarter, compared to analyst estimates of $924.83 million. Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. As a group, sell-side analysts forecast that Western Midstream Partners, LP will post 4.03 earnings per share for the current fiscal year.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 8.26%. Western Midstream Partners's dividend payout ratio (DPR) is currently 89.29%.

Analyst Ratings Changes

WES has been the subject of a number of recent analyst reports. Bank of America assumed coverage on shares of Western Midstream Partners in a research report on Thursday, October 17th. They set an "underperform" rating and a $37.00 target price for the company. 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. UBS Group cut 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. 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 report on Monday, December 9th. Finally, StockNews.com lowered Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Western Midstream Partners presently has an average rating of "Hold" and an average price target of $37.88.

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.