Tortoise Capital Advisors L.L.C. Has $309.90 Million Holdings in Western Midstream Partners, LP (NYSE:WES)

Tortoise Capital Advisors L.L.C. lifted its stake in Western Midstream Partners, LP (NYSE:WES - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,064,089 shares of the pipeline company's stock after acquiring an additional 159,016 shares during the quarter. Western Midstream Partners makes up approximately 4.0% of Tortoise Capital Advisors L.L.C.'s investment portfolio, making the stock its 9th largest position. Tortoise Capital Advisors L.L.C. owned approximately 2.12% of Western Midstream Partners worth $309,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Trust Advisors LP increased its stake in shares of Western Midstream Partners by 18.5% during the 4th quarter. First Trust Advisors LP now owns 618,538 shares of the pipeline company's stock worth $23,770,000 after purchasing an additional 96,781 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Western Midstream Partners by 1.5% in the fourth quarter. Evergreen Capital Management LLC now owns 193,603 shares of the pipeline company's stock valued at $7,440,000 after buying an additional 2,840 shares during the period. Guggenheim Capital LLC raised its stake in Western Midstream Partners by 6.6% in the fourth quarter. Guggenheim Capital LLC now owns 21,064 shares of the pipeline company's stock valued at $809,000 after buying an additional 1,300 shares during the period. XTX Topco Ltd acquired a new stake in shares of Western Midstream Partners in the fourth quarter valued at approximately $527,000. Finally, Mariner LLC boosted its stake in shares of Western Midstream Partners by 3.5% during the 4th quarter. Mariner LLC now owns 98,488 shares of the pipeline company's stock worth $3,785,000 after acquiring an additional 3,375 shares during the period. Institutional investors own 84.82% of the company's stock.

Western Midstream Partners Stock Performance

WES traded up $1.27 during trading on Thursday, hitting $39.17. The stock had a trading volume of 1,082,649 shares, compared to its average volume of 1,248,206. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 1.40 and a beta of 2.40. The company has a 50 day moving average price of $39.43 and a 200-day moving average price of $39.39. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.33.

Western Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 2nd will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This is an increase from Western Midstream Partners's previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a dividend yield of 9.29%. Western Midstream Partners's dividend payout ratio is 90.32%.

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 investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Western Midstream Partners has an average rating of "Hold" and a consensus target price of $38.43.

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.