Western Midstream Partners, LP (NYSE:WES) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its position in shares of Western Midstream Partners, LP (NYSE:WES) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,328 shares of the pipeline company’s stock after purchasing an additional 972 shares during the period. Captrust Financial Advisors’ holdings in Western Midstream Partners were worth $2,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WES. Wealth Enhancement Advisory Services LLC boosted its stake in Western Midstream Partners by 9.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,838 shares of the pipeline company’s stock valued at $1,371,000 after purchasing an additional 3,050 shares during the period. Kieckhefer Group LLC acquired a new position in Western Midstream Partners during the 4th quarter valued at about $58,000. Adams Asset Advisors LLC lifted its stake in shares of Western Midstream Partners by 0.7% in the 4th quarter. Adams Asset Advisors LLC now owns 323,781 shares of the pipeline company’s stock worth $12,443,000 after acquiring an additional 2,139 shares during the period. Howard Financial Services LTD. acquired a new stake in shares of Western Midstream Partners in the 4th quarter worth approximately $384,000. Finally, Daymark Wealth Partners LLC lifted its stake in shares of Western Midstream Partners by 27.7% in the 4th quarter. Daymark Wealth Partners LLC now owns 41,901 shares of the pipeline company’s stock worth $1,610,000 after acquiring an additional 9,094 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Stock Up 3.0%

NYSE WES opened at $38.24 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day simple moving average is $38.66 and its 200 day simple moving average is $39.25. Western Midstream Partners, LP has a 12 month low of $33.60 and a 12 month high of $43.33. The company has a market capitalization of $14.58 billion, a P/E ratio of 9.75, a PEG ratio of 1.40 and a beta of 1.12.

Western Midstream Partners (NYSE:WES) last released its earnings results on Wednesday, May 7th. The pipeline company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.04). Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The business had revenue of $917.12 million during the quarter, compared to the consensus estimate of $926.55 million. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Western Midstream Partners, LP will post 4.02 earnings per share for the current fiscal year.

Western Midstream Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 2nd will be issued a $0.91 dividend. This is an increase from Western Midstream Partners’s previous quarterly dividend of $0.88. This represents a $3.64 dividend on an annualized basis and a dividend yield of 9.52%. The ex-dividend date is Friday, May 2nd. Western Midstream Partners’s payout ratio is presently 108.66%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.33.

Western Midstream Partners Company Profile

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.