Rational Advisors LLC bought a new position in shares of Western Gas Partners, LP (NYSE:WES) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,250 shares of the pipeline company’s stock, valued at approximately $541,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ffcm LLC purchased a new stake in shares of Western Gas Partners in the 3rd quarter worth about $113,000. Penserra Capital Management LLC acquired a new position in shares of Western Gas Partners during the 3rd quarter valued at about $142,000. The Manufacturers Life Insurance Company increased its stake in shares of Western Gas Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,954 shares of the pipeline company’s stock valued at $221,000 after acquiring an additional 265 shares during the last quarter. Lucas Capital Management acquired a new position in shares of Western Gas Partners during the 4th quarter valued at about $206,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of Western Gas Partners during the 4th quarter valued at about $231,000. Institutional investors own 58.96% of the company’s stock.
Shares of Western Gas Partners, LP (NYSE WES) traded down $0.06 during mid-day trading on Thursday, hitting $45.50. The company had a trading volume of 182,627 shares, compared to its average volume of 638,296. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $6,999.86, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 3.50 and a beta of 1.12. Western Gas Partners, LP has a 1-year low of $42.68 and a 1-year high of $62.57.
Western Gas Partners (NYSE:WES) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.08). The firm had revenue of $632.02 million for the quarter, compared to analyst estimates of $569.17 million. Western Gas Partners had a return on equity of 14.38% and a net margin of 25.24%. Western Gas Partners’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. sell-side analysts predict that Western Gas Partners, LP will post 2.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st were given a $0.92 dividend. This is an increase from Western Gas Partners’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, January 31st. This represents a $3.68 annualized dividend and a yield of 8.09%. Western Gas Partners’s payout ratio is presently 289.77%.
A number of research firms recently issued reports on WES. Morgan Stanley dropped their target price on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Bank of America started coverage on Western Gas Partners in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. ValuEngine cut Western Gas Partners from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Scotiabank reiterated a “hold” rating and set a $58.00 target price on shares of Western Gas Partners in a research note on Monday, January 29th. Finally, Royal Bank of Canada restated a “buy” rating and set a $61.00 price objective on shares of Western Gas Partners in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.67.
Western Gas Partners Profile
Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States.
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