Global Retirement Partners LLC Invests $51,000 in Western Midstream Partners, LP (NYSE:WES)

Global Retirement Partners LLC acquired a new position in shares of Western Midstream Partners, LP (NYSE:WES) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,331 shares of the pipeline company’s stock, valued at approximately $51,000.

A number of other hedge funds also recently made changes to their positions in WES. Private Advisor Group LLC raised its position in Western Midstream Partners by 9.6% during the third quarter. Private Advisor Group LLC now owns 6,066 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 531 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Western Midstream Partners by 9,082.5% during the 3rd quarter. International Assets Investment Management LLC now owns 18,365 shares of the pipeline company’s stock valued at $703,000 after purchasing an additional 18,165 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Western Midstream Partners by 6.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,788 shares of the pipeline company’s stock valued at $1,254,000 after buying an additional 2,066 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in Western Midstream Partners in the 3rd quarter worth approximately $518,000. Finally, Farther Finance Advisors LLC boosted its stake in Western Midstream Partners by 287.3% in the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock worth $55,000 after buying an additional 1,066 shares in the last quarter. 84.82% of the stock is owned by institutional investors.

Western Midstream Partners Trading Up 1.5 %

NYSE:WES opened at $40.54 on Friday. The firm has a market capitalization of $15.43 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.40 and a beta of 2.88. 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 fifty day moving average of $40.52 and a 200 day moving average of $39.21. Western Midstream Partners, LP has a 52 week low of $33.25 and a 52 week high of $43.33.

Western Midstream Partners Announces Dividend

The company 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 (DPR) is 86.85%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a report on Monday, December 9th. UBS Group lowered 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 note on Friday, November 15th. Finally, StockNews.com lowered shares of Western Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Western Midstream Partners currently has an average rating of “Hold” and an average target price of $38.43.

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.