Western Midstream Partners, LP (NYSE:WES) Position Lessened by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,202 shares of the pipeline company’s stock after selling 2,742 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Western Midstream Partners were worth $584,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WES. Empowered Funds LLC bought a new position in shares of Western Midstream Partners during the fourth quarter worth about $53,000. Farther Finance Advisors LLC boosted its stake in Western Midstream Partners by 287.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 1,066 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Western Midstream Partners in the fourth quarter valued at approximately $58,000. Avondale Wealth Management bought a new stake in shares of Western Midstream Partners during the fourth quarter valued at approximately $77,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of Western Midstream Partners during the third quarter worth approximately $86,000. 84.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on WES shares. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. UBS Group lowered 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $41.00 price objective on shares of Western Midstream Partners in a report on Monday, December 9th. StockNews.com cut shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Morgan Stanley lowered shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $42.00 to $40.00 in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given 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 a consensus price target of $37.88.

Western Midstream Partners Trading Up 0.2 %

Shares of NYSE:WES opened at $40.57 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.36 and a beta of 2.88. Western Midstream Partners, LP has a 1-year low of $28.07 and a 1-year high of $43.33. The company has a 50 day moving average price of $40.18 and a 200 day moving average price of $39.09.

Western Midstream Partners Dividend Announcement

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. This represents a $3.50 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio is presently 89.29%.

About Western Midstream Partners

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.