1,374 Shares in Western Midstream Partners, LP (NYSE:WES) Acquired by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in Western Midstream Partners, LP (NYSE:WES) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,374 shares of the pipeline company’s stock, valued at approximately $53,000.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in Western Midstream Partners by 9.6% during the 3rd quarter. Private Advisor Group LLC now owns 6,066 shares of the pipeline company’s stock worth $232,000 after purchasing an additional 531 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Western Midstream Partners by 9,082.5% in the third quarter. International Assets Investment Management LLC now owns 18,365 shares of the pipeline company’s stock valued at $703,000 after acquiring an additional 18,165 shares in the last quarter. Highland Capital Management LLC boosted its stake in Western Midstream Partners by 15.4% during the 3rd quarter. Highland Capital Management LLC now owns 15,000 shares of the pipeline company’s stock valued at $574,000 after acquiring an additional 2,000 shares during the last quarter. PFG Investments LLC grew its holdings in Western Midstream Partners by 25.3% during the 3rd quarter. PFG Investments LLC now owns 32,884 shares of the pipeline company’s stock worth $1,258,000 after acquiring an additional 6,640 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Western Midstream Partners by 6.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,788 shares of the pipeline company’s stock worth $1,254,000 after purchasing an additional 2,066 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Western Midstream Partners Trading Down 1.2 %

Shares of WES stock opened at $41.15 on Friday. The firm has a market capitalization of $15.66 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. 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 1 year low of $31.60 and a 1 year high of $43.33. The stock has a fifty day moving average of $40.36 and a two-hundred day moving average of $39.17.

Western Midstream Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio is currently 89.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group lowered their price objective on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 15th. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. StockNews.com downgraded shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Western Midstream Partners presently has a consensus rating of “Hold” and an average price target of $37.88.

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.