Western Midstream Partners, LP (NYSE:WES) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in shares of Western Midstream Partners, LP (NYSE:WES) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,423 shares of the pipeline company’s stock after selling 643 shares during the period. Private Advisor Group LLC’s holdings in Western Midstream Partners were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Western Midstream Partners in the fourth quarter worth $51,000. Empowered Funds LLC purchased a new stake in Western Midstream Partners in the 4th quarter worth about $53,000. Farther Finance Advisors LLC raised its stake in shares of 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 worth $55,000 after purchasing an additional 1,066 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Western Midstream Partners during the 4th quarter worth about $58,000. Finally, Avondale Wealth Management acquired a new position in shares of Western Midstream Partners during the 4th quarter valued at about $77,000. 84.82% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Stock Performance

Shares of Western Midstream Partners stock opened at $37.78 on Friday. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. The stock’s 50-day moving average is $40.48 and its 200-day moving average is $39.24. Western Midstream Partners, LP has a one year low of $33.39 and a one year high of $43.33. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11.

Western Midstream Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 9.26%. Western Midstream Partners’s payout ratio is presently 86.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com lowered Western Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, February 28th. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 price objective on shares of Western Midstream Partners in a research report on Monday, December 9th. Finally, UBS Group dropped their target price on 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.