Western Midstream Partners, LP (NYSE:WES) Shares Acquired by Barclays PLC

Barclays PLC raised its position in Western Midstream Partners, LP (NYSE:WES - Free Report) by 83.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,404,381 shares of the pipeline company's stock after purchasing an additional 637,266 shares during the period. Barclays PLC owned 0.37% of Western Midstream Partners worth $53,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RE Dickinson Investment Advisors LLC raised its holdings in Western Midstream Partners by 21.8% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,168 shares of the pipeline company's stock valued at $83,000 after acquiring an additional 388 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Western Midstream Partners by 5.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 40,912 shares of the pipeline company's stock worth $1,572,000 after buying an additional 2,084 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Western Midstream Partners during the fourth quarter worth $19,079,000. Texas Yale Capital Corp. increased its stake in shares of Western Midstream Partners by 1.0% in the 4th quarter. Texas Yale Capital Corp. now owns 385,091 shares of the pipeline company's stock worth $14,799,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Western Midstream Partners by 6.6% during the 4th quarter. Invesco Ltd. now owns 22,809,161 shares of the pipeline company's stock worth $876,556,000 after acquiring an additional 1,406,362 shares during the period. Institutional investors and hedge funds own 84.82% of the company's stock.

Western Midstream Partners Trading Up 2.0 %

Shares of Western Midstream Partners stock traded up $0.74 on Tuesday, reaching $37.64. The company had a trading volume of 263,212 shares, compared to its average volume of 1,290,295. 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 firm has a market cap of $14.35 billion, a PE ratio of 9.60, a PEG ratio of 1.40 and a beta of 2.40. The firm's 50 day moving average price is $39.53 and its two-hundred day moving average price is $39.41. Western Midstream Partners, LP has a 52-week low of $33.60 and a 52-week high of $43.33.

Western Midstream Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners's dividend payout ratio (DPR) is 86.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Western Midstream Partners presently has an average rating of "Hold" and a consensus target price of $38.43.

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.