Aveo Capital Partners LLC Sells 1,250 Shares of Western Gas Equity Partners, LP (WGP)

Aveo Capital Partners LLC reduced its position in shares of Western Gas Equity Partners, LP (NYSE:WGP) by 12.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,645 shares of the pipeline company’s stock after selling 1,250 shares during the period. Aveo Capital Partners LLC’s holdings in Western Gas Equity Partners, were worth $399,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp acquired a new position in shares of Western Gas Equity Partners, during the fourth quarter worth approximately $227,000. Keybank National Association OH boosted its position in shares of Western Gas Equity Partners, by 3.5% in the fourth quarter. Keybank National Association OH now owns 8,020 shares of the pipeline company’s stock worth $340,000 after buying an additional 270 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Western Gas Equity Partners, during the fourth quarter worth approximately $813,000. Silvercrest Asset Management Group LLC boosted its position in shares of Western Gas Equity Partners, by 2.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 91,042 shares of the pipeline company’s stock worth $3,856,000 after buying an additional 2,390 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC acquired a new position in shares of Western Gas Equity Partners, during the fourth quarter worth approximately $1,636,000. 18.71% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Western Gas Equity Partners, (NYSE:WGP)

Shares of Western Gas Equity Partners, LP (NYSE WGP) traded down 1.20% during trading on Monday, reaching $41.98. 83,840 shares of the company’s stock traded hands. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 27.03 and a beta of 1.57. Western Gas Equity Partners, LP has a 1-year low of $35.15 and a 1-year high of $47.82. The company has a 50 day moving average of $43.80 and a 200-day moving average of $44.50.

Western Gas Equity Partners, (NYSE:WGP) last issued its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $516.19 million for the quarter, compared to analyst estimates of $501.83 million. Western Gas Equity Partners, had a net margin of 17.55% and a return on equity of 8.34%. Equities analysts predict that Western Gas Equity Partners, LP will post $1.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 1st were issued a dividend of $0.4913 per share. This represents a $1.97 dividend on an annualized basis and a dividend yield of 4.68%. This is a positive change from Western Gas Equity Partners,’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, April 27th. Western Gas Equity Partners,’s dividend payout ratio (DPR) is 126.28%.

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Several equities analysts have issued reports on WGP shares. Zacks Investment Research cut shares of Western Gas Equity Partners, from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 15th. BidaskClub cut shares of Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price objective on shares of Western Gas Equity Partners, in a research note on Friday, April 7th. Macquarie started coverage on shares of Western Gas Equity Partners, in a research note on Friday, April 21st. They issued an “outperform” rating and a $51.00 price objective on the stock. Finally, Bank of America Corporation raised shares of Western Gas Equity Partners, from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $41.00 to $46.00 in a research note on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Western Gas Equity Partners, currently has a consensus rating of “Hold” and a consensus price target of $47.90.

About Western Gas Equity Partners,

Western Gas Equity Partners, LP is a limited partnership. The Company is formed to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES is an master limited partnership (MLP) engaged in the business of gathering, compressing, treating, processing and transporting natural gas, and gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil.

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