Americana Partners LLC Increases Stock Position in Western Midstream Partners, LP (NYSE:WES)

Americana Partners LLC lifted its position in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,581 shares of the pipeline company's stock after purchasing an additional 6,699 shares during the period. Americana Partners LLC's holdings in Western Midstream Partners were worth $5,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in Western Midstream Partners in the fourth quarter valued at approximately $53,000. Farther Finance Advisors LLC raised its position in Western Midstream Partners by 287.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company's stock valued at $55,000 after buying an additional 1,066 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Western Midstream Partners in the 4th quarter valued at $58,000. Avondale Wealth Management purchased a new stake in Western Midstream Partners in the 4th quarter valued at $77,000. Finally, Millburn Ridgefield Corp purchased a new stake in Western Midstream Partners in the 3rd quarter valued at $86,000. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WES has been the subject of several recent research reports. Morgan Stanley lowered Western Midstream Partners from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $42.00 to $40.00 in a 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 research note on Tuesday, November 26th. UBS Group cut their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, November 15th. StockNews.com cut shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $41.00 price target on shares of Western Midstream Partners in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Western Midstream Partners presently has an average rating of "Hold" and an average price target of $37.88.

Western Midstream Partners Stock Up 0.4 %

Shares of Western Midstream Partners stock traded up $0.16 during trading on Thursday, hitting $41.52. The company's stock had a trading volume of 929,977 shares, compared to its average volume of 1,313,933. 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 fifty day simple moving average of $40.33 and a two-hundred day simple moving average of $39.14. The company has a market capitalization of $15.80 billion, a PE ratio of 10.59, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 52 week low of $30.01 and a 52 week high of $43.33.

Western Midstream Partners Announces Dividend

The firm 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 of this dividend was Monday, February 3rd. This represents a $3.50 annualized dividend and a dividend yield of 8.43%. Western Midstream Partners's payout ratio is 89.29%.

About Western Midstream Partners

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.