Western Midstream Partners, LP (NYSE:WES) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. lessened its stake in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,946 shares of the pipeline company's stock after selling 10,806 shares during the period. Albert D Mason Inc.'s holdings in Western Midstream Partners were worth $1,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. raised its stake in Western Midstream Partners by 6.6% during the fourth quarter. Invesco Ltd. now owns 22,809,161 shares of the pipeline company's stock worth $876,556,000 after purchasing an additional 1,406,362 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in shares of Western Midstream Partners by 2.0% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 8,064,089 shares of the pipeline company's stock valued at $309,903,000 after buying an additional 159,016 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Western Midstream Partners by 23.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,273,186 shares of the pipeline company's stock valued at $279,509,000 after acquiring an additional 1,366,341 shares during the last quarter. Eagle Global Advisors LLC grew its position in Western Midstream Partners by 23.2% in the fourth quarter. Eagle Global Advisors LLC now owns 2,434,080 shares of the pipeline company's stock worth $93,542,000 after acquiring an additional 458,111 shares during the period. Finally, BROOKFIELD Corp ON increased its stake in Western Midstream Partners by 1.0% during the fourth quarter. BROOKFIELD Corp ON now owns 1,683,790 shares of the pipeline company's stock worth $64,708,000 after acquiring an additional 15,978 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

WES has been the topic of several recent analyst reports. Mizuho decreased their price target on Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Wall Street Zen raised shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $39.83.

Western Midstream Partners Stock Down 1.1%

WES stock traded down $0.43 during midday trading on Monday, hitting $38.40. The company's stock had a trading volume of 849,413 shares, compared to its average volume of 1,233,246. Western Midstream Partners, LP has a 52-week low of $33.60 and a 52-week high of $43.33. The firm has a 50-day simple moving average of $37.86 and a 200-day simple moving average of $39.39. 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 firm has a market capitalization of $14.64 billion, a P/E ratio of 9.80, a PEG ratio of 1.40 and a beta of 1.09.

Western Midstream Partners (NYSE:WES - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The pipeline company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.04). The company had revenue of $917.12 million for the quarter, compared to analyst estimates of $926.55 million. Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 earnings per share. As a group, equities analysts forecast that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, May 2nd were issued a $0.91 dividend. This is a boost from Western Midstream Partners's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $3.64 annualized dividend and a dividend yield of 9.48%. Western Midstream Partners's dividend payout ratio is presently 108.66%.

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.