LPL Financial LLC Has $8.73 Million Holdings in Western Midstream Partners, LP (NYSE:WES)

LPL Financial LLC increased its holdings in Western Midstream Partners, LP (NYSE:WES) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,107 shares of the pipeline company’s stock after buying an additional 32,628 shares during the period. LPL Financial LLC owned 0.06% of Western Midstream Partners worth $8,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Duff & Phelps Investment Management Co. raised its holdings in Western Midstream Partners by 6,986.8% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company’s stock valued at $27,114,000 after acquiring an additional 698,683 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Western Midstream Partners by 60.1% in the third quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock worth $68,298,000 after purchasing an additional 670,440 shares during the period. Raymond James Financial Inc. acquired a new position in Western Midstream Partners in the fourth quarter valued at about $19,079,000. Terril Brothers Inc. lifted its position in Western Midstream Partners by 38.4% during the fourth quarter. Terril Brothers Inc. now owns 374,536 shares of the pipeline company’s stock worth $14,393,000 after purchasing an additional 104,000 shares during the period. Finally, Chickasaw Capital Management LLC grew its stake in Western Midstream Partners by 1.5% during the fourth quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company’s stock worth $259,610,000 after buying an additional 99,518 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price objective on shares of Western Midstream Partners in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.43.

Western Midstream Partners Price Performance

Shares of NYSE:WES opened at $37.06 on Friday. Western Midstream Partners, LP has a one year low of $33.64 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. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.40 and a beta of 2.40. The firm has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $39.60.

Western Midstream Partners Announces Dividend

The company 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 9.45%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s payout ratio is 86.85%.

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.