NBW Capital LLC Grows Position in Western Midstream Partners, LP (NYSE:WES)

NBW Capital LLC boosted its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 301,855 shares of the pipeline company’s stock after purchasing an additional 14,870 shares during the period. Western Midstream Partners comprises about 2.1% of NBW Capital LLC’s investment portfolio, making the stock its 12th biggest position. NBW Capital LLC owned approximately 0.08% of Western Midstream Partners worth $11,600,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of WES. Fidelis Capital Partners LLC bought a new stake in Western Midstream Partners during the fourth quarter valued at about $256,000. Hickory Point Bank & Trust bought a new stake in Western Midstream Partners during the fourth quarter valued at about $244,000. Terril Brothers Inc. raised its holdings in Western Midstream Partners by 38.4% during the fourth quarter. Terril Brothers Inc. now owns 374,536 shares of the pipeline company’s stock valued at $14,393,000 after acquiring an additional 104,000 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Western Midstream Partners by 3.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 58,670 shares of the pipeline company’s stock valued at $2,255,000 after acquiring an additional 1,709 shares during the period. Finally, IFP Advisors Inc raised its holdings in Western Midstream Partners by 30.0% during the fourth quarter. IFP Advisors Inc now owns 7,187 shares of the pipeline company’s stock valued at $276,000 after acquiring an additional 1,657 shares during the period. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on WES shares. UBS Group decreased their price target on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. StockNews.com cut Western Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $41.00 target price on shares of Western Midstream Partners in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.43.

Western Midstream Partners Trading Down 2.8 %

WES opened at $39.44 on Tuesday. The firm has a market cap of $15.01 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 12 month low of $33.39 and a 12 month 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. The stock has a 50-day moving average of $40.52 and a 200 day moving average of $39.24.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 8.87%. Western Midstream Partners’s dividend payout ratio is currently 86.85%.

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.