Wealth Enhancement Advisory Services LLC Has $2.15 Million Stake in Western Midstream Partners, LP (NYSE:WES)

Wealth Enhancement Advisory Services LLC grew its holdings in Western Midstream Partners, LP (NYSE:WES) by 24.0% during the first quarter, Holdings Channel.com reports. The firm owned 52,450 shares of the pipeline company’s stock after buying an additional 10,156 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Western Midstream Partners were worth $2,148,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. F&V Capital Management LLC increased its holdings in shares of Western Midstream Partners by 13.1% in the 1st quarter. F&V Capital Management LLC now owns 9,050 shares of the pipeline company’s stock valued at $371,000 after purchasing an additional 1,050 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in Western Midstream Partners by 254.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 29,180 shares of the pipeline company’s stock worth $1,195,000 after buying an additional 20,943 shares during the last quarter. Sonora Investment Management Group LLC acquired a new position in Western Midstream Partners in the first quarter worth approximately $205,000. Daymark Wealth Partners LLC increased its holdings in Western Midstream Partners by 8.6% in the first quarter. Daymark Wealth Partners LLC now owns 45,506 shares of the pipeline company’s stock worth $1,864,000 after buying an additional 3,605 shares during the last quarter. Finally, Baldwin Wealth Partners LLC MA acquired a new position in Western Midstream Partners in the first quarter worth approximately $205,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Trading Up 0.4%

Shares of WES stock opened at $38.54 on Friday. Western Midstream Partners, LP has a 12 month low of $33.60 and a 12 month high of $43.33. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $38.13 and its two-hundred day moving average is $39.28. The company has a market cap of $14.70 billion, a PE ratio of 11.50 and a beta of 1.09.

Western Midstream Partners (NYSE:WES) last announced its quarterly earnings results on Wednesday, May 7th. The pipeline company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.04). Western Midstream Partners had a net margin of 35.79% and a return on equity of 38.52%. The company had revenue of $917.12 million for the quarter, compared to analyst estimates of $926.55 million. During the same quarter last year, the business earned $1.47 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts predict that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 9.44%. The ex-dividend date was Friday, May 2nd. This is an increase from Western Midstream Partners’s previous quarterly dividend of $0.88. Western Midstream Partners’s dividend payout ratio (DPR) is 108.66%.

Wall Street Analysts Forecast Growth

WES has been the topic of a number of research reports. Mizuho dropped their price objective on Western Midstream Partners from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, May 20th. Wall Street Zen upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.83.

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.