Blair William & Co. IL Acquires 8,079 Shares of Western Midstream Partners, LP $WES

Blair William & Co. IL boosted its holdings in Western Midstream Partners, LP (NYSE:WES - Free Report) by 86.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,390 shares of the pipeline company's stock after buying an additional 8,079 shares during the quarter. Blair William & Co. IL's holdings in Western Midstream Partners were worth $673,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its holdings in Western Midstream Partners by 10.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,483 shares of the pipeline company's stock valued at $1,085,000 after buying an additional 2,485 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in Western Midstream Partners by 30.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 461,365 shares of the pipeline company's stock worth $18,898,000 after purchasing an additional 108,021 shares during the last quarter. CFM Wealth Partners LLC raised its holdings in Western Midstream Partners by 28.3% during the 1st quarter. CFM Wealth Partners LLC now owns 44,944 shares of the pipeline company's stock worth $1,841,000 after purchasing an additional 9,904 shares during the last quarter. Bessemer Group Inc. bought a new position in Western Midstream Partners during the 1st quarter worth approximately $41,000. Finally, Northern Trust Corp grew its position in shares of Western Midstream Partners by 2,725.4% during the 1st quarter. Northern Trust Corp now owns 367,330 shares of the pipeline company's stock worth $15,046,000 after buying an additional 354,329 shares during the period. Institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WES shares. Mizuho lifted their price target on shares of Western Midstream Partners from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Royal Bank Of Canada lifted their price objective on shares of Western Midstream Partners from $38.00 to $39.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 26th. Finally, Morgan Stanley cut their price objective on shares of Western Midstream Partners from $41.00 to $39.00 and set an "underweight" rating on the stock in a report on Tuesday, August 26th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $40.25.

Western Midstream Partners Trading Down 0.1%

NYSE WES opened at $37.69 on Friday. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 11.60 and a beta of 1.12. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.30 and a quick ratio of 1.30. The business's fifty day moving average is $38.41 and its 200-day moving average is $38.48.

Western Midstream Partners (NYSE:WES - Get Free Report) last released its earnings results on Wednesday, August 6th. The pipeline company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.05. Western Midstream Partners had a return on equity of 37.70% and a net margin of 34.45%.The company had revenue of $942.32 million for the quarter, compared to analysts' expectations of $954.17 million. During the same period in the previous year, the business posted $0.97 EPS. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts predict that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Friday, August 1st. Western Midstream Partners's payout ratio is currently 112.00%.

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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