Cetera Investment Advisers Raises Stock Holdings in Western Midstream Partners, LP (NYSE:WES)

Cetera Investment Advisers increased its stake in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 68.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,800 shares of the pipeline company's stock after acquiring an additional 19,826 shares during the quarter. Cetera Investment Advisers' holdings in Western Midstream Partners were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WES. Cary Street Partners Financial LLC purchased a new position in shares of Western Midstream Partners in the 4th quarter valued at approximately $39,000. Harbour Investments Inc. increased its holdings in shares of Western Midstream Partners by 555.6% in the 4th quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock worth $45,000 after purchasing an additional 1,000 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Western Midstream Partners in the fourth quarter worth $51,000. Empowered Funds LLC bought a new stake in shares of Western Midstream Partners in the fourth quarter worth $53,000. Finally, Farther Finance Advisors LLC lifted its position in Western Midstream Partners by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company's stock valued at $74,000 after purchasing an additional 498 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WES has been the topic of several analyst reports. Wall Street Zen upgraded Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Mizuho lowered their target price on Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.83.

Western Midstream Partners Trading Up 0.7%

Shares of NYSE WES traded up $0.26 during trading hours on Friday, hitting $38.95. 867,081 shares of the company traded hands, compared to its average volume of 1,232,536. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.12. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The company's 50 day moving average price is $38.47 and its 200 day moving average price is $39.35. Western Midstream Partners, LP has a 12 month low of $33.60 and a 12 month high of $43.33.

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 the consensus estimate of $0.83 by ($0.04). The business had revenue of $917.12 million during the quarter, compared to the consensus estimate of $926.55 million. Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.47 EPS. On average, equities research analysts anticipate that Western Midstream Partners, LP will post 4.02 earnings per share for the current fiscal year.

Western Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 2nd were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 9.34%. The ex-dividend date of this dividend 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 is 108.66%.

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.