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

Envestnet Asset Management Inc. grew its position in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,877 shares of the pipeline company's stock after purchasing an additional 10,343 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Western Midstream Partners were worth $5,491,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Summit Financial LLC increased its holdings in Western Midstream Partners by 2.6% in the fourth quarter. Summit Financial LLC now owns 93,977 shares of the pipeline company's stock valued at $3,612,000 after buying an additional 2,409 shares in the last quarter. Wambolt & Associates LLC purchased a new position in shares of Western Midstream Partners in the 4th quarter valued at about $853,000. Aire Advisors LLC acquired a new position in Western Midstream Partners in the 4th quarter worth about $467,000. LPL Financial LLC grew its position in shares of Western Midstream Partners by 16.8% in the fourth quarter. LPL Financial LLC now owns 227,107 shares of the pipeline company's stock valued at $8,728,000 after purchasing an additional 32,628 shares during the period. Finally, Samalin Investment Counsel LLC acquired a new stake in shares of Western Midstream Partners in the fourth quarter worth approximately $1,085,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Western Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Western Midstream Partners has a consensus rating of "Hold" and an average price target of $38.43.

Western Midstream Partners Trading Up 3.4 %

WES stock traded up $1.27 on Thursday, hitting $39.17. 1,082,649 shares of the company were exchanged, compared to its average volume of 1,248,207. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.40 and a beta of 2.40. The business's fifty day moving average is $39.40 and its two-hundred day moving average is $39.38. Western Midstream Partners, LP has a twelve month low of $33.60 and a twelve month 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.

Western Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 2nd will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 9.29%. This is a boost from Western Midstream Partners's previous quarterly dividend of $0.88. Western Midstream Partners's dividend payout ratio (DPR) is presently 90.32%.

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.