1,374 Shares in Western Midstream Partners, LP (NYSE:WES) Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new stake in shares of Western Midstream Partners, LP (NYSE:WES) in the 4th quarter, HoldingsChannel reports. The firm bought 1,374 shares of the pipeline company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Western Midstream Partners by 287.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 1,066 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Western Midstream Partners during the fourth quarter valued at $58,000. Avondale Wealth Management acquired a new stake in Western Midstream Partners during the 4th quarter worth about $77,000. Millburn Ridgefield Corp acquired a new position in shares of Western Midstream Partners in the 3rd quarter valued at about $86,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Western Midstream Partners during the third quarter worth approximately $119,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. US Capital Advisors upgraded shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research note on Monday, December 9th. StockNews.com lowered shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Finally, UBS Group dropped their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Western Midstream Partners currently has an average rating of “Hold” and a consensus price target of $37.88.

Western Midstream Partners Stock Down 1.2 %

Western Midstream Partners stock opened at $41.15 on Friday. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.40 and a beta of 2.88. The firm has a fifty day moving average price of $40.36 and a two-hundred day moving average price of $39.17. Western Midstream Partners, LP has a fifty-two week low of $31.60 and a fifty-two week high of $43.33. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11.

Western Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is currently 89.29%.

Western Midstream Partners 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.