Brown Brothers Harriman & Co. Sells 1,966 Shares of Western Midstream Partners, LP (NYSE:WES)

Brown Brothers Harriman & Co. reduced its holdings in Western Midstream Partners, LP (NYSE:WES) by 22.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,816 shares of the pipeline company’s stock after selling 1,966 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Western Midstream Partners were worth $262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC increased its position in shares of 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 buying an additional 295 shares during the period. Farther Finance Advisors LLC grew its position in Western Midstream Partners by 34.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company’s stock valued at $74,000 after purchasing an additional 498 shares during the period. PFG Investments LLC grew its holdings in shares of Western Midstream Partners by 1.6% during the fourth quarter. PFG Investments LLC now owns 33,424 shares of the pipeline company’s stock valued at $1,284,000 after buying an additional 540 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Western Midstream Partners by 10.5% in the fourth quarter. Mutual Advisors LLC now owns 6,060 shares of the pipeline company’s stock worth $247,000 after purchasing an additional 577 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in 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 buying an additional 1,000 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Western Midstream Partners Stock Down 1.3 %

Shares of NYSE:WES opened at $40.94 on Tuesday. The firm has a market capitalization of $15.61 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. The firm has a fifty day moving average of $40.83 and a 200 day moving average of $39.59. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. Western Midstream Partners, LP has a 52-week low of $33.64 and a 52-week high of $43.33.

Western Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.875 per share. 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 8.55%. Western Midstream Partners’s dividend payout ratio (DPR) is currently 86.85%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WES shares. StockNews.com raised Western Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 price target on shares of Western Midstream Partners in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Western Midstream Partners currently has a consensus 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.