LPL Financial LLC Has $8.73 Million Stock Holdings in Western Midstream Partners, LP (NYSE:WES)

LPL Financial LLC raised its holdings in Western Midstream Partners, LP (NYSE:WES) by 16.8% in the 4th quarter, HoldingsChannel reports. The fund owned 227,107 shares of the pipeline company’s stock after acquiring an additional 32,628 shares during the period. LPL Financial LLC’s holdings in Western Midstream Partners were worth $8,728,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Harbour Investments Inc. grew its stake in shares of Western Midstream Partners by 555.6% in the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 1,000 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Western Midstream Partners in the 4th quarter valued at about $51,000. Empowered Funds LLC acquired a new stake in shares of Western Midstream Partners in the fourth quarter valued at about $53,000. Kieckhefer Group LLC bought a new position in shares of Western Midstream Partners during the fourth quarter worth about $58,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Western Midstream Partners by 34.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company’s stock worth $74,000 after acquiring an additional 498 shares during the period. Institutional investors own 84.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on WES. Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. StockNews.com upgraded shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.43.

Western Midstream Partners Stock Performance

NYSE:WES opened at $37.06 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. Western Midstream Partners, LP has a twelve month low of $33.64 and a twelve month high of $43.33. The company has a fifty day moving average of $40.63 and a 200-day moving average of $39.60. The firm has a market capitalization of $14.13 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.40 and a beta of 2.40.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 9.45%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is currently 86.85%.

About Western Midstream Partners

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.