Western Midstream Partners, LP (NYSE:WES) Holdings Decreased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. decreased its position in shares of Western Midstream Partners, LP (NYSE:WES) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,816 shares of the pipeline company’s stock after selling 1,966 shares during the period. Brown Brothers Harriman & Co.’s holdings in Western Midstream Partners were worth $262,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Harbour Investments Inc. lifted its stake in Western Midstream Partners by 555.6% during the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company’s stock valued at $45,000 after buying an additional 1,000 shares in the last quarter. Global Retirement Partners LLC bought a new position in Western Midstream Partners during the fourth quarter valued at about $51,000. Empowered Funds LLC bought a new stake in Western Midstream Partners during the fourth quarter worth approximately $53,000. Kieckhefer Group LLC bought a new stake in Western Midstream Partners during the fourth quarter valued at about $58,000. Finally, Farther Finance Advisors LLC increased 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 worth $74,000 after buying an additional 498 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Trading Down 1.3 %

Shares of NYSE:WES opened at $40.94 on Tuesday. The business has a 50 day moving average of $40.83 and a 200-day moving average of $39.59. The stock has a market cap of $15.61 billion, a PE ratio of 10.44, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 12-month low of $33.64 and a 12-month high of $43.33. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s payout ratio is currently 86.85%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.43.

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.