5,400 Shares in Western Midstream Partners, LP (NYSE:WES) Bought by Archford Capital Strategies LLC

Archford Capital Strategies LLC purchased a new stake in Western Midstream Partners, LP (NYSE:WES) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,400 shares of the pipeline company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Alliance grew its holdings in shares of Western Midstream Partners by 3.7% in the 4th quarter. Wealth Alliance now owns 12,848 shares of the pipeline company’s stock worth $376,000 after purchasing an additional 458 shares during the last quarter. GraniteShares Advisors LLC acquired a new position in Western Midstream Partners in the fourth quarter worth $1,521,000. NBW Capital LLC grew its holdings in shares of Western Midstream Partners by 25.0% during the fourth quarter. NBW Capital LLC now owns 322,010 shares of the pipeline company’s stock worth $9,422,000 after purchasing an additional 64,370 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Western Midstream Partners by 15.8% in the fourth quarter. Lindbrook Capital LLC now owns 37,850 shares of the pipeline company’s stock valued at $1,107,000 after buying an additional 5,159 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Western Midstream Partners by 13.3% in the fourth quarter. Jennison Associates LLC now owns 983,685 shares of the pipeline company’s stock valued at $28,783,000 after buying an additional 115,336 shares during the last quarter. 42.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on WES shares. Wells Fargo & Company lifted their price objective on Western Midstream Partners from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. StockNews.com lowered shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday. Stifel Nicolaus upped their target price on shares of Western Midstream Partners from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Wolfe Research upgraded Western Midstream Partners from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 18th. Finally, Mizuho upped their price target on Western Midstream Partners from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.13.

Western Midstream Partners Stock Up 0.7 %

Shares of NYSE WES traded up $0.28 during mid-day trading on Friday, hitting $38.55. The company had a trading volume of 458,608 shares, compared to its average volume of 1,287,057. Western Midstream Partners, LP has a one year low of $25.69 and a one year high of $42.80. The company has a market capitalization of $14.67 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.73 and a beta of 2.90. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.08. The firm has a 50-day simple moving average of $39.77 and a two-hundred day simple moving average of $36.17.

Western Midstream Partners (NYSE:WES) last posted its quarterly earnings results on Wednesday, August 7th. The pipeline company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Western Midstream Partners had a return on equity of 47.19% and a net margin of 44.01%. The firm had revenue of $905.63 million during the quarter, compared to the consensus estimate of $904.94 million. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue was up 22.7% compared to the same quarter last year. On average, equities analysts expect that Western Midstream Partners, LP will post 4.08 EPS for the current year.

Western Midstream Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were issued a dividend of $0.875 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.50 dividend on an annualized basis and a yield of 9.08%. Western Midstream Partners’s payout ratio is 98.59%.

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.