Western Midstream Partners, LP (NYSE:WES) Holdings Decreased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lessened its position in Western Midstream Partners, LP (NYSE:WES - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 611,183 shares of the pipeline company's stock after selling 97,500 shares during the period. Duff & Phelps Investment Management Co. owned about 0.16% of Western Midstream Partners worth $23,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wambolt & Associates LLC purchased a new position in shares of Western Midstream Partners during the 4th quarter worth $853,000. Aire Advisors LLC acquired a new stake in Western Midstream Partners in the 4th quarter worth about $467,000. LPL Financial LLC boosted its stake in Western Midstream Partners by 16.8% in the 4th quarter. LPL Financial LLC now owns 227,107 shares of the pipeline company's stock worth $8,728,000 after buying an additional 32,628 shares during the last quarter. Samalin Investment Counsel LLC acquired a new position in shares of Western Midstream Partners during the 4th quarter valued at about $1,085,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Western Midstream Partners during the 4th quarter worth about $1,172,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Western Midstream Partners Stock Up 0.2 %

Shares of NYSE:WES traded up $0.10 during trading on Tuesday, hitting $41.06. The company's stock had a trading volume of 240,353 shares, compared to its average volume of 1,221,010. The company has a market capitalization of $15.66 billion, a PE ratio of 10.51, a PEG ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a fifty-two week low of $33.64 and a fifty-two 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 stock's 50-day moving average price is $40.83 and its two-hundred day moving average price is $39.59.

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Western Midstream Partners Dividend Announcement

The business also recently disclosed 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. This represents a $3.50 annualized dividend and a yield of 8.52%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners's dividend payout ratio is currently 86.85%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com raised shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.43.

Western Midstream Partners Company 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.