Sanctuary Advisors LLC Grows Position in Western Midstream Partners, LP (NYSE:WES)

Sanctuary Advisors LLC increased its holdings in Western Midstream Partners, LP (NYSE:WES) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,241 shares of the pipeline company’s stock after acquiring an additional 1,909 shares during the quarter. Sanctuary Advisors LLC’s holdings in Western Midstream Partners were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its stake in Western Midstream Partners by 1.2% in the fourth quarter. Apollon Wealth Management LLC now owns 25,691 shares of the pipeline company’s stock worth $987,000 after acquiring an additional 295 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Western Midstream Partners by 6.2% in the third quarter. Concurrent Investment Advisors LLC now owns 6,053 shares of the pipeline company’s stock worth $232,000 after acquiring an additional 352 shares during the period. Private Advisor Group LLC lifted its stake in Western Midstream Partners by 9.6% in the third quarter. Private Advisor Group LLC now owns 6,066 shares of the pipeline company’s stock worth $232,000 after acquiring an additional 531 shares during the period. PFG Investments LLC lifted its stake in Western Midstream Partners by 1.6% in the fourth quarter. PFG Investments LLC now owns 33,424 shares of the pipeline company’s stock worth $1,284,000 after acquiring an additional 540 shares during the period. Finally, Mutual Advisors LLC lifted its stake in 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 acquiring an additional 577 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Western Midstream Partners Stock Performance

WES opened at $40.54 on Friday. Western Midstream Partners, LP has a 52-week low of $33.25 and a 52-week high of $43.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The company has a market cap of $15.43 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. The firm’s 50-day moving average price is $40.48 and its 200-day moving average price is $39.19.

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 issued a dividend of $0.875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 annualized dividend and a dividend yield of 8.63%. Western Midstream Partners’s dividend payout ratio (DPR) is currently 86.85%.

Wall Street Analysts Forecast Growth

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

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.