Western Gas Partners, LP (NYSE:WES) Position Increased by Bank of America Corp DE

Bank of America Corp DE raised its stake in Western Gas Partners, LP (NYSE:WES) by 8.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,400,856 shares of the pipeline company’s stock after buying an additional 107,626 shares during the period. Bank of America Corp DE owned about 0.99% of Western Gas Partners, worth $84,682,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WES. Kayne Anderson Capital Advisors LP boosted its position in Western Gas Partners, by 33.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,806,681 shares of the pipeline company’s stock worth $592,814,000 after buying an additional 2,480,457 shares during the period. Chickasaw Capital Management LLC boosted its position in Western Gas Partners, by 0.9% in the first quarter. Chickasaw Capital Management LLC now owns 2,662,650 shares of the pipeline company’s stock worth $160,957,000 after buying an additional 23,385 shares during the period. Center Coast Capital Advisors LP boosted its position in Western Gas Partners, by 1.6% in the first quarter. Center Coast Capital Advisors LP now owns 2,444,096 shares of the pipeline company’s stock worth $147,746,000 after buying an additional 38,458 shares during the period. JPMorgan Chase & Co. boosted its position in Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock worth $102,557,000 after buying an additional 378,167 shares during the period. Finally, Morgan Stanley boosted its position in Western Gas Partners, by 13.1% in the first quarter. Morgan Stanley now owns 1,448,340 shares of the pipeline company’s stock worth $87,553,000 after buying an additional 167,704 shares during the period. 57.88% of the stock is currently owned by institutional investors and hedge funds.

Western Gas Partners, LP (NYSE WES) traded down 0.09% on Friday, reaching $56.35. 310,182 shares of the company traded hands. Western Gas Partners, LP has a 1-year low of $46.85 and a 1-year high of $67.44. The stock’s 50-day moving average is $55.08 and its 200-day moving average is $59.13. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 39.30 and a beta of 1.20.

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WES has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Western Gas Partners, from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $69.00 price objective on shares of Western Gas Partners, in a research note on Friday, April 7th. Citigroup Inc. increased their price objective on shares of Western Gas Partners, from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, April 25th. Macquarie began coverage on shares of Western Gas Partners, in a research note on Friday, April 21st. They issued an “outperform” rating and a $51.00 price objective for the company. Finally, Guggenheim began coverage on shares of Western Gas Partners, in a research note on Monday, April 17th. They issued a “buy” rating and a $68.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $62.30.

About Western Gas Partners,

Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States.

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

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