Stifel Financial Corp Has $4.15 Million Holdings in Western Midstream Partners, LP (NYSE:WES)

Stifel Financial Corp increased its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 42.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,367 shares of the pipeline company’s stock after acquiring an additional 32,119 shares during the period. Stifel Financial Corp’s holdings in Western Midstream Partners were worth $4,146,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Western Midstream Partners by 113.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 30,722 shares of the pipeline company’s stock valued at $1,221,000 after purchasing an additional 16,304 shares during the period. Raymond James & Associates lifted its stake in Western Midstream Partners by 30.2% in the 2nd quarter. Raymond James & Associates now owns 103,883 shares of the pipeline company’s stock valued at $4,127,000 after acquiring an additional 24,072 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Western Midstream Partners by 3.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 399,221 shares of the pipeline company’s stock worth $15,861,000 after acquiring an additional 12,704 shares during the last quarter. Prossimo Advisors LLC bought a new position in shares of Western Midstream Partners during the 2nd quarter worth approximately $242,000. Finally, Highland Capital Management LLC bought a new position in shares of Western Midstream Partners during the 2nd quarter worth approximately $516,000. 84.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Western Midstream Partners Price Performance

NYSE:WES opened at $39.76 on Monday. Western Midstream Partners, LP has a 12-month low of $27.44 and a 12-month high of $42.80. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.08 and a beta of 2.90. The stock’s 50 day moving average price is $38.56 and its two-hundred day moving average price is $38.91. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners (NYSE:WES) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $883.36 million during the quarter, compared to the consensus estimate of $924.83 million. During the same quarter last year, the company posted $0.70 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. On average, analysts anticipate that Western Midstream Partners, LP will post 4.03 earnings per share for the current year.

Western Midstream Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend was Friday, November 1st. Western Midstream Partners’s dividend payout ratio is presently 89.29%.

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.