Whittier Trust Co. of Nevada Inc. Makes New Investment in Western Midstream Partners, LP (NYSE:WES)

Whittier Trust Co. of Nevada Inc. purchased a new stake in Western Midstream Partners, LP (NYSE:WES - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,500 shares of the pipeline company's stock, valued at approximately $1,172,000.

Several other hedge funds have also recently modified their holdings of WES. HUB Investment Partners LLC increased its holdings in Western Midstream Partners by 298.3% during the fourth quarter. HUB Investment Partners LLC now owns 33,800 shares of the pipeline company's stock valued at $1,299,000 after buying an additional 25,313 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Western Midstream Partners by 40.9% in the 4th quarter. Advisors Asset Management Inc. now owns 104,884 shares of the pipeline company's stock valued at $4,031,000 after acquiring an additional 30,449 shares during the period. Harbour Investments Inc. increased its holdings in shares of Western Midstream Partners by 555.6% in the 4th quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock valued at $45,000 after acquiring an additional 1,000 shares during the period. Corient Private Wealth LLC raised its position in shares of Western Midstream Partners by 5.8% in the 4th quarter. Corient Private Wealth LLC now owns 24,478 shares of the pipeline company's stock worth $941,000 after acquiring an additional 1,337 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Western Midstream Partners by 50.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,353 shares of the pipeline company's stock worth $821,000 after purchasing an additional 7,155 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company's stock.

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Western Midstream Partners Stock Performance

Shares of NYSE:WES traded up $0.16 on Wednesday, hitting $41.35. 761,528 shares of the company were exchanged, compared to its average volume of 1,189,916. The firm has a market capitalization of $15.77 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. 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, LP has a 1-year low of $33.64 and a 1-year high of $43.33. The stock's 50 day moving average price is $40.84 and its 200 day moving average price is $39.51.

Western Midstream Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.875 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a yield of 8.46%. Western Midstream Partners's dividend payout ratio is currently 86.85%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $41.00 target price on shares of Western Midstream Partners in a report on Monday, December 9th. US Capital Advisors raised shares of Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $38.43.

Western Midstream Partners Company 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.