BROOKFIELD Corp ON Acquires 15,978 Shares of Western Midstream Partners, LP (NYSE:WES)

BROOKFIELD Corp ON lifted its holdings in Western Midstream Partners, LP (NYSE:WES - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,683,790 shares of the pipeline company's stock after purchasing an additional 15,978 shares during the period. BROOKFIELD Corp ON owned 0.44% of Western Midstream Partners worth $64,708,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in shares of Western Midstream Partners in the fourth quarter worth about $39,000. Harbour Investments Inc. increased its holdings in shares of Western Midstream Partners by 555.6% during the 4th quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock valued at $45,000 after acquiring an additional 1,000 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Western Midstream Partners in the 4th quarter valued at approximately $51,000. Empowered Funds LLC acquired a new stake in Western Midstream Partners in the 4th quarter worth approximately $53,000. Finally, Kieckhefer Group LLC bought a new stake in Western Midstream Partners during the fourth quarter worth approximately $58,000. 84.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.43.

Western Midstream Partners Stock Performance

WES opened at $35.88 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock's 50 day moving average price is $38.93 and its two-hundred day moving average price is $39.31. The firm has a market capitalization of $13.68 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.40 and a beta of 1.12. Western Midstream Partners, LP has a 12-month low of $33.60 and a 12-month high of $43.33.

Western Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, May 2nd will be paid a $0.91 dividend. This is an increase from Western Midstream Partners's previous quarterly dividend of $0.88. The ex-dividend date is Friday, May 2nd. This represents a $3.64 annualized dividend and a dividend yield of 10.14%. Western Midstream Partners's dividend payout ratio (DPR) is presently 90.32%.

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.

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