Western Midstream Partners, LP (NYSE:WES) is Kayne Anderson Capital Advisors LP's 8th Largest Position

Kayne Anderson Capital Advisors LP lifted its holdings in Western Midstream Partners, LP (NYSE:WES - Free Report) by 23.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,228,448 shares of the pipeline company's stock after acquiring an additional 1,184,597 shares during the period. Western Midstream Partners accounts for about 6.1% of Kayne Anderson Capital Advisors LP's portfolio, making the stock its 8th biggest holding. Kayne Anderson Capital Advisors LP owned approximately 1.64% of Western Midstream Partners worth $238,300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blackstone Inc. lifted its holdings in shares of Western Midstream Partners by 2.0% in the 1st quarter. Blackstone Inc. now owns 12,980,724 shares of the pipeline company's stock valued at $461,465,000 after acquiring an additional 259,928 shares during the last quarter. Chickasaw Capital Management LLC boosted its holdings in shares of Western Midstream Partners by 0.6% in the 2nd quarter. Chickasaw Capital Management LLC now owns 6,711,006 shares of the pipeline company's stock worth $266,628,000 after purchasing an additional 37,259 shares during the period. BROOKFIELD Corp ON increased its position in shares of Western Midstream Partners by 2.7% during the 1st quarter. BROOKFIELD Corp ON now owns 2,953,510 shares of the pipeline company's stock valued at $104,997,000 after purchasing an additional 77,942 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Western Midstream Partners by 1.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,809,814 shares of the pipeline company's stock valued at $64,339,000 after buying an additional 24,377 shares during the period. Finally, Fractal Investments LLC lifted its position in Western Midstream Partners by 5.4% in the third quarter. Fractal Investments LLC now owns 1,465,706 shares of the pipeline company's stock worth $56,078,000 after buying an additional 75,145 shares during the last quarter. 42.94% of the stock is currently owned by institutional investors.

Western Midstream Partners Stock Down 0.5 %

WES stock traded down $0.19 during trading on Monday, reaching $38.01. 1,922,379 shares of the company traded hands, compared to its average volume of 1,247,433. The business has a 50 day simple moving average of $38.39 and a 200 day simple moving average of $38.62. Western Midstream Partners, LP has a 12 month low of $26.81 and a 12 month high of $42.80. 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 company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.72 and a beta of 2.88.

Western Midstream Partners (NYSE:WES - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.09). Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The firm had revenue of $883.36 million during the quarter, compared to analysts' expectations of $924.83 million. During the same period in the previous year, the firm earned $0.70 EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts anticipate that Western Midstream Partners, LP will post 4.13 earnings per share for the current fiscal year.

Western Midstream Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a dividend of $0.875 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 9.21%. Western Midstream Partners's dividend payout ratio is presently 89.29%.

Wall Street Analyst Weigh In

WES has been the topic of several recent analyst reports. StockNews.com downgraded shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 28th. Bank of America started coverage on 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. Stifel Nicolaus raised their price target on Western Midstream Partners from $39.00 to $40.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Morgan Stanley downgraded 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. Finally, UBS Group reduced 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 note on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Western Midstream Partners presently has an average rating of "Hold" and a consensus price target of $37.88.

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.