Ieq Capital LLC Acquires 6,265 Shares of Western Midstream Partners, LP (NYSE:WES)

Ieq Capital LLC grew its stake in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 34,070 shares of the pipeline company's stock after acquiring an additional 6,265 shares during the quarter. Ieq Capital LLC's holdings in Western Midstream Partners were worth $1,309,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Apollon Wealth Management LLC lifted its position in Western Midstream Partners by 1.2% during the fourth quarter. Apollon Wealth Management LLC now owns 25,691 shares of the pipeline company's stock worth $987,000 after purchasing an additional 295 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Western Midstream Partners by 6.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,053 shares of the pipeline company's stock valued at $232,000 after buying an additional 352 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Western Midstream Partners by 9.6% during the 3rd quarter. Private Advisor Group LLC now owns 6,066 shares of the pipeline company's stock worth $232,000 after acquiring an additional 531 shares during the period. PFG Investments LLC boosted its position in shares of Western Midstream Partners by 1.6% during the 4th quarter. PFG Investments LLC now owns 33,424 shares of the pipeline company's stock worth $1,284,000 after acquiring an additional 540 shares in the last quarter. Finally, Mutual Advisors LLC increased its stake in Western Midstream Partners by 10.5% in the fourth quarter. Mutual Advisors LLC now owns 6,060 shares of the pipeline company's stock valued at $247,000 after acquiring an additional 577 shares during the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

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Western Midstream Partners Trading Up 1.5 %

WES traded up $0.59 during trading on Friday, reaching $40.54. 2,262,721 shares of the company's stock were exchanged, compared to its average volume of 1,333,923. The firm has a fifty day moving average price of $40.48 and a two-hundred day moving average price of $39.19. The stock has a market capitalization of $15.43 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a one year low of $33.25 and a one 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.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.63%. Western Midstream Partners's dividend payout ratio (DPR) is presently 86.85%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. US Capital Advisors raised Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada reissued a "sector perform" rating and set a $41.00 target price on shares of Western Midstream Partners in a research note on Monday, December 9th. 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, November 15th. 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.88.

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.