Fort Washington Investment Advisors Inc. OH Acquires 15,309 Shares of Western Midstream Partners, LP (NYSE:WES)

Fort Washington Investment Advisors Inc. OH lifted its holdings in Western Midstream Partners, LP (NYSE:WESFree Report) by 103.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,165 shares of the pipeline company’s stock after acquiring an additional 15,309 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Western Midstream Partners were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Alps Advisors Inc. grew its stake in shares of Western Midstream Partners by 13.0% in the 3rd quarter. Alps Advisors Inc. now owns 33,519,544 shares of the pipeline company’s stock valued at $912,737,000 after buying an additional 3,855,558 shares during the period. Invesco Ltd. boosted its stake in Western Midstream Partners by 13.8% during the 3rd quarter. Invesco Ltd. now owns 20,746,835 shares of the pipeline company’s stock valued at $564,936,000 after purchasing an additional 2,520,712 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Western Midstream Partners by 6.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,345,798 shares of the pipeline company’s stock valued at $202,887,000 after purchasing an additional 500,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Western Midstream Partners by 17.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,477,886 shares of the pipeline company’s stock worth $149,163,000 after buying an additional 802,257 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Western Midstream Partners by 14.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,012,565 shares of the pipeline company’s stock worth $126,417,000 after buying an additional 623,000 shares during the last quarter. 42.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

WES has been the topic of a number of research analyst reports. Citigroup downgraded Western Midstream Partners from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $30.00 to $34.00 in a research note on Thursday, February 29th. Bank of America cut shares of Western Midstream Partners from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $30.00 to $27.00 in a report on Wednesday, December 13th. Raymond James reaffirmed a “market perform” rating on shares of Western Midstream Partners in a report on Tuesday, March 19th. Finally, Stifel Nicolaus lifted their price target on shares of Western Midstream Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Western Midstream Partners currently has an average rating of “Hold” and a consensus target price of $30.75.

Get Our Latest Stock Report on WES

Western Midstream Partners Trading Up 0.7 %

Western Midstream Partners stock opened at $34.72 on Wednesday. The stock has a market cap of $13.21 billion, a P/E ratio of 13.35 and a beta of 2.83. Western Midstream Partners, LP has a fifty-two week low of $24.89 and a fifty-two week high of $35.31. The firm’s fifty day moving average price is $31.35 and its 200-day moving average price is $29.04. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.76 and a current ratio of 0.76.

Western Midstream Partners (NYSE:WESGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The pipeline company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $858.21 million during the quarter, compared to the consensus estimate of $850.23 million. Western Midstream Partners had a return on equity of 33.58% and a net margin of 32.72%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Equities research analysts forecast that Western Midstream Partners, LP will post 3.44 earnings per share for the current fiscal year.

Western Midstream Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, February 1st were given a $0.575 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $2.30 annualized dividend and a yield of 6.62%. Western Midstream Partners’s dividend payout ratio (DPR) is presently 88.46%.

About Western Midstream Partners

(Free Report)

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.

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

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