Western Midstream Partners, LP (NYSE:WES) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. grew its holdings in shares of Western Midstream Partners, LP (NYSE:WES) by 555.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,180 shares of the pipeline company’s stock after buying an additional 1,000 shares during the period. Harbour Investments Inc.’s holdings in Western Midstream Partners were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in WES. Stifel Financial Corp lifted its holdings in shares of Western Midstream Partners by 42.1% in the 3rd quarter. Stifel Financial Corp now owns 108,367 shares of the pipeline company’s stock valued at $4,146,000 after purchasing an additional 32,119 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Western Midstream Partners by 6.5% in the third quarter. BNP Paribas Financial Markets now owns 996,018 shares of the pipeline company’s stock valued at $38,108,000 after buying an additional 60,603 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Western Midstream Partners by 322.1% in the third quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company’s stock valued at $15,556,000 after acquiring an additional 310,260 shares during the period. JPMorgan Chase & Co. grew its position in shares of Western Midstream Partners by 60.1% during the third quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock worth $68,298,000 after acquiring an additional 670,440 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its holdings in shares of 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 during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Trading Up 0.2 %

Shares of WES stock opened at $41.36 on Tuesday. Western Midstream Partners, LP has a fifty-two week low of $33.64 and a fifty-two 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 business has a fifty day simple moving average of $40.82 and a 200-day simple moving average of $39.48. The stock has a market cap of $15.77 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.40 and a beta of 2.88.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 8.46%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is presently 86.85%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.43.

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.