Western Midstream Partners, LP (NYSE:WES) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in shares of Western Midstream Partners, LP (NYSE:WES) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,306 shares of the pipeline company’s stock after acquiring an additional 3,602 shares during the period. D.A. Davidson & CO.’s holdings in Western Midstream Partners were worth $1,856,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WES. Private Advisor Group LLC grew its holdings in Western Midstream Partners by 9.6% during the third quarter. Private Advisor Group LLC now owns 6,066 shares of the pipeline company’s stock worth $232,000 after acquiring an additional 531 shares during the period. International Assets Investment Management LLC increased its stake in Western Midstream Partners by 9,082.5% in the 3rd quarter. International Assets Investment Management LLC now owns 18,365 shares of the pipeline company’s stock worth $703,000 after purchasing an additional 18,165 shares in the last quarter. Highland Capital Management LLC increased its stake in Western Midstream Partners by 15.4% in the 3rd quarter. Highland Capital Management LLC now owns 15,000 shares of the pipeline company’s stock worth $574,000 after purchasing an additional 2,000 shares in the last quarter. PFG Investments LLC increased its stake in Western Midstream Partners by 25.3% in the 3rd quarter. PFG Investments LLC now owns 32,884 shares of the pipeline company’s stock worth $1,258,000 after purchasing an additional 6,640 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Western Midstream Partners by 6.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,788 shares of the pipeline company’s stock worth $1,254,000 after purchasing an additional 2,066 shares in the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Stock Down 1.2 %

Shares of WES stock opened at $41.15 on Friday. The stock’s 50 day simple moving average is $40.36 and its 200 day simple moving average is $39.17. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. Western Midstream Partners, LP has a twelve month low of $31.60 and a twelve month high of $43.33. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.40 and a beta of 2.88.

Western Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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 8.51%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s payout ratio is 89.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WES. Royal Bank of Canada reissued a “sector perform” rating and issued a $41.00 price target on shares of Western Midstream Partners in a research note on Monday, December 9th. StockNews.com cut Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group reduced their price target on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.88.

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.