LPL Financial LLC grew its position in Western Midstream Partners, LP (NYSE:WES - Free Report) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,107 shares of the pipeline company's stock after acquiring an additional 32,628 shares during the quarter. LPL Financial LLC owned about 0.06% of Western Midstream Partners worth $8,728,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of WES. Harbour Investments Inc. raised its stake in shares of Western Midstream Partners by 555.6% during the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock worth $45,000 after purchasing an additional 1,000 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Western Midstream Partners in the 4th quarter worth $51,000. Empowered Funds LLC acquired a new stake in shares of Western Midstream Partners in the 4th quarter worth $53,000. Kieckhefer Group LLC purchased a new stake in shares of Western Midstream Partners in the fourth quarter valued at about $58,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Western Midstream Partners by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company's stock worth $74,000 after acquiring an additional 498 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.
Western Midstream Partners Stock Up 4.3 %
Shares of NYSE:WES traded up $1.50 during trading on Wednesday, hitting $36.49. The company's stock had a trading volume of 2,299,328 shares, compared to its average volume of 1,245,325. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. Western Midstream Partners, LP has a fifty-two week low of $33.64 and a fifty-two week high of $43.33. The stock's 50-day moving average price is $40.03 and its two-hundred day moving average price is $39.47. The company has a market capitalization of $13.91 billion, a PE ratio of 9.31, a PEG ratio of 1.40 and a beta of 2.40.
Western Midstream Partners Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a yield of 9.59%. Western Midstream Partners's dividend payout ratio (DPR) is 86.85%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Western Midstream Partners from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $38.43.
Get Our Latest Stock Report on WES
Western Midstream Partners Company Profile
(
Free Report)
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.
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