NBW Capital LLC Has $9.42 Million Stake in Western Midstream Partners, LP (NYSE:WES)

NBW Capital LLC boosted its holdings in Western Midstream Partners, LP (NYSE:WES) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 322,010 shares of the pipeline company’s stock after acquiring an additional 64,370 shares during the period. Western Midstream Partners accounts for 2.1% of NBW Capital LLC’s holdings, making the stock its 8th biggest position. NBW Capital LLC owned about 0.08% of Western Midstream Partners worth $9,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new position in shares of Western Midstream Partners during the third quarter worth approximately $27,000. Tower Research Capital LLC TRC bought a new position in Western Midstream Partners during the 1st quarter worth $27,000. Retirement Group LLC lifted its holdings in shares of Western Midstream Partners by 52.4% during the second quarter. Retirement Group LLC now owns 1,105 shares of the pipeline company’s stock worth $29,000 after buying an additional 380 shares in the last quarter. Ronald Blue Trust Inc. acquired a new stake in shares of Western Midstream Partners during the third quarter worth $32,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Western Midstream Partners in the fourth quarter valued at about $43,000. 42.94% of the stock is owned by institutional investors.

Insider Transactions at Western Midstream Partners

In related news, Director Kenneth F. Owen purchased 7,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $33.96 per share, with a total value of $237,720.00. Following the completion of the acquisition, the director now owns 32,730 shares of the company’s stock, valued at approximately $1,111,510.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lisa A. Stewart bought 2,500 shares of Western Midstream Partners stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $34.87 per share, with a total value of $87,175.00. Following the completion of the acquisition, the director now owns 30,730 shares of the company’s stock, valued at approximately $1,071,555.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth F. Owen acquired 7,000 shares of Western Midstream Partners stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $33.96 per share, for a total transaction of $237,720.00. Following the purchase, the director now owns 32,730 shares in the company, valued at $1,111,510.80. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Raymond James reaffirmed a “market perform” rating on shares of Western Midstream Partners in a research report on Tuesday, March 19th. Wolfe Research upgraded shares of Western Midstream Partners from an “underperform” rating to a “peer perform” rating in a research report on Thursday. Citigroup lowered Western Midstream Partners from a “buy” rating to a “neutral” rating and increased their target price for the stock from $30.00 to $34.00 in a report on Thursday, February 29th. Finally, Stifel Nicolaus boosted their price target on Western Midstream Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.75.

Western Midstream Partners Stock Up 0.6 %

WES traded up $0.21 during midday trading on Thursday, reaching $34.64. The company’s stock had a trading volume of 262,667 shares, compared to its average volume of 1,255,545. The stock’s 50-day moving average is $33.49 and its 200-day moving average is $30.01. Western Midstream Partners, LP has a 1 year low of $24.89 and a 1 year high of $36.79. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 13.25 and a beta of 2.83. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.40.

Western Midstream Partners (NYSE:WES) last released its quarterly earnings data on Wednesday, February 21st. The pipeline company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.04). Western Midstream Partners had a net margin of 32.72% and a return on equity of 33.58%. The business had revenue of $858.21 million for the quarter, compared to analysts’ expectations of $850.23 million. During the same period last year, the business earned $0.85 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts expect that Western Midstream Partners, LP will post 3.45 EPS for the current year.

Western Midstream Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend was Wednesday, January 31st. Western Midstream Partners’s dividend payout ratio is presently 88.46%.

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.