Western Midstream Partners, LP (NYSE:WES) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its position in shares of Western Midstream Partners, LP (NYSE:WES) by 34.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 270,000 shares of the pipeline company’s stock after buying an additional 69,000 shares during the period. Nomura Holdings Inc. owned 0.07% of Western Midstream Partners worth $7,900,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Western Midstream Partners in the 4th quarter valued at about $43,000. UMB Bank n.a. acquired a new position in Western Midstream Partners during the fourth quarter worth approximately $74,000. Turtle Creek Wealth Advisors LLC purchased a new position in Western Midstream Partners during the fourth quarter worth approximately $80,000. CENTRAL TRUST Co boosted its holdings in shares of Western Midstream Partners by 518.4% in the 4th quarter. CENTRAL TRUST Co now owns 4,205 shares of the pipeline company’s stock valued at $123,000 after purchasing an additional 3,525 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Western Midstream Partners in the 4th quarter valued at $141,000. Institutional investors and hedge funds own 42.94% of the company’s stock.

Analyst Ratings Changes

WES has been the topic of several research reports. Stifel Nicolaus increased their target price on Western Midstream Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Mizuho raised their price objective on Western Midstream Partners from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Wolfe Research upgraded Western Midstream Partners from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 18th. StockNews.com upgraded shares of Western Midstream Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Citigroup downgraded shares of Western Midstream Partners from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $30.00 to $34.00 in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.55.

Western Midstream Partners Stock Performance

Shares of WES stock opened at $38.02 on Wednesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.51 and a quick ratio of 1.51. The company’s fifty day moving average price is $36.61 and its two-hundred day moving average price is $32.83. The firm has a market capitalization of $14.47 billion, a P/E ratio of 10.71, a P/E/G ratio of 0.68 and a beta of 2.85. Western Midstream Partners, LP has a 12 month low of $25.47 and a 12 month high of $39.70.

Western Midstream Partners (NYSE:WES) last released its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $1.47 EPS for the quarter, topping the consensus estimate of $0.85 by $0.62. Western Midstream Partners had a return on equity of 44.76% and a net margin of 42.50%. The business had revenue of $887.73 million for the quarter, compared to analysts’ expectations of $868.22 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 20.9% compared to the same quarter last year. On average, research analysts anticipate that Western Midstream Partners, LP will post 4.1 earnings per share for the current fiscal year.

Western Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 9.21%. The ex-dividend date was Tuesday, April 30th. This is a positive change from Western Midstream Partners’s previous quarterly dividend of $0.58. Western Midstream Partners’s payout ratio is 98.59%.

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.