Western Midstream Partners, LP (NYSE:WES) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in Western Midstream Partners, LP (NYSE:WES - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,700 shares of the pipeline company's stock after purchasing an additional 11,062 shares during the period. Pacer Advisors Inc.'s holdings in Western Midstream Partners were worth $1,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. PFG Investments LLC grew its stake in Western Midstream Partners by 1.6% in the fourth quarter. PFG Investments LLC now owns 33,424 shares of the pipeline company's stock worth $1,284,000 after purchasing an additional 540 shares in the last quarter. Curated Wealth Partners LLC purchased a new stake in shares of Western Midstream Partners in the 4th quarter worth $246,000. Mutual Advisors LLC grew its position in shares of Western Midstream Partners by 10.5% during the 4th quarter. Mutual Advisors LLC now owns 6,060 shares of the pipeline company's stock worth $247,000 after buying an additional 577 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Western Midstream Partners during the fourth quarter valued at $1,033,000. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Western Midstream Partners by 27.7% in the fourth quarter. Daymark Wealth Partners LLC now owns 41,901 shares of the pipeline company's stock valued at $1,610,000 after acquiring an additional 9,094 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Western Midstream Partners Stock Up 1.0 %

Shares of WES stock traded up $0.40 during trading hours on Wednesday, reaching $41.20. 1,292,094 shares of the company's stock were exchanged, compared to its average volume of 1,390,482. Western Midstream Partners, LP has a 1 year low of $27.84 and a 1 year high of $43.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock has a market cap of $15.68 billion, a PE ratio of 10.51, a PEG ratio of 1.38 and a beta of 2.88. The stock's fifty day moving average price is $40.15 and its two-hundred day moving average price is $39.12.

Western Midstream Partners (NYSE:WES - Get Free Report) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.09). The company 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 firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. Research analysts predict that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 8.50%. The ex-dividend date of this dividend is Monday, February 3rd. Western Midstream Partners's payout ratio is 89.29%.

Analyst Ratings Changes

A number of research firms have commented on WES. Morgan Stanley downgraded shares of Western Midstream Partners from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $42.00 to $40.00 in a research report on Friday, October 25th. US Capital Advisors raised shares of Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. StockNews.com lowered Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, October 28th. Bank of America assumed coverage on Western Midstream Partners in a research report on Thursday, October 17th. They issued an "underperform" rating and a $37.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $41.00 price objective on shares of Western Midstream Partners in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Western Midstream Partners presently has an average rating of "Hold" and a consensus target price of $37.88.

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.