Western Midstream Partners, LP (NYSE:WES) Shares Acquired by HUB Investment Partners LLC

HUB Investment Partners LLC boosted its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 298.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,800 shares of the pipeline company’s stock after purchasing an additional 25,313 shares during the quarter. HUB Investment Partners LLC’s holdings in Western Midstream Partners were worth $1,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC lifted its stake in Western Midstream Partners by 1.2% in the fourth quarter. Apollon Wealth Management LLC now owns 25,691 shares of the pipeline company’s stock valued at $987,000 after buying an additional 295 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Western Midstream Partners by 34.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company’s stock valued at $74,000 after purchasing an additional 498 shares during the last quarter. PFG Investments LLC lifted its position in Western Midstream Partners by 1.6% in the 4th quarter. PFG Investments LLC now owns 33,424 shares of the pipeline company’s stock valued at $1,284,000 after purchasing an additional 540 shares during the last quarter. Mutual Advisors LLC boosted its stake in Western Midstream Partners by 10.5% during the 4th quarter. Mutual Advisors LLC now owns 6,060 shares of the pipeline company’s stock valued at $247,000 after purchasing an additional 577 shares during the period. Finally, Independent Advisor Alliance grew its position in Western Midstream Partners by 3.7% in the 3rd quarter. Independent Advisor Alliance now owns 22,647 shares of the pipeline company’s stock worth $866,000 after purchasing an additional 800 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WES. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a research note on Monday, December 9th. Finally, StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Western Midstream Partners presently has an average rating of “Hold” and an average price target of $38.43.

Western Midstream Partners Stock Up 0.0 %

WES opened at $41.85 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $15.96 billion, a PE ratio of 10.68, a P/E/G ratio of 1.40 and a beta of 2.88. The stock’s fifty day moving average is $40.77 and its 200-day moving average is $39.41. Western Midstream Partners, LP has a one year low of $33.64 and a one year high of $43.33.

Western Midstream Partners Announces Dividend

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 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s payout ratio is 86.85%.

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.