Mutual Advisors LLC Has $247,000 Holdings in Western Midstream Partners, LP (NYSE:WES)

Mutual Advisors LLC grew its holdings in shares of Western Midstream Partners, LP (NYSE:WES) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,060 shares of the pipeline company’s stock after buying an additional 577 shares during the quarter. Mutual Advisors LLC’s holdings in Western Midstream Partners were worth $247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of Western Midstream Partners during the 4th quarter worth $1,033,000. Daymark Wealth Partners LLC grew its holdings in shares of Western Midstream Partners by 27.7% during the fourth quarter. Daymark Wealth Partners LLC now owns 41,901 shares of the pipeline company’s stock worth $1,610,000 after purchasing an additional 9,094 shares in the last quarter. Howard Financial Services LTD. bought a new stake in shares of Western Midstream Partners during the 4th quarter worth $384,000. Adams Asset Advisors LLC raised its holdings in shares of Western Midstream Partners by 0.7% during the 4th quarter. Adams Asset Advisors LLC now owns 323,781 shares of the pipeline company’s stock valued at $12,443,000 after buying an additional 2,139 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Western Midstream Partners in the 4th quarter valued at $58,000. 84.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on WES shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $41.00 price objective on shares of Western Midstream Partners in a research note on Monday, December 9th. Bank of America assumed coverage on Western Midstream Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $37.00 target price on the stock. UBS Group dropped their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Morgan Stanley lowered Western Midstream Partners from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $42.00 to $40.00 in a research report on Friday, October 25th. Finally, StockNews.com lowered Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Western Midstream Partners has an average rating of “Hold” and an average price target of $37.88.

Western Midstream Partners Trading Up 1.6 %

WES stock opened at $41.81 on Wednesday. The firm has a market cap of $15.91 billion, a P/E ratio of 10.67, a PEG ratio of 1.41 and a beta of 2.90. Western Midstream Partners, LP has a 52-week low of $27.84 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’s 50-day simple moving average is $39.82 and its 200-day simple moving average is $39.13.

Western Midstream Partners (NYSE:WES) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.09). Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The firm had revenue of $883.36 million during the quarter, compared to analysts’ expectations of $924.83 million. During the same quarter last year, the business earned $0.70 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts forecast that Western Midstream Partners, LP will post 4.03 EPS for the current fiscal year.

Western Midstream Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 8.37%. Western Midstream Partners’s dividend payout ratio is presently 89.29%.

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.