Fort Washington Investment Advisors Inc. OH Has $1.20 Million Stock Position in Western Midstream Partners, LP (NYSE:WES)

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 254.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,180 shares of the pipeline company's stock after buying an additional 20,943 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Western Midstream Partners were worth $1,195,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sonora Investment Management Group LLC acquired a new stake in shares of Western Midstream Partners in the 1st quarter valued at about $205,000. Daymark Wealth Partners LLC grew its position in shares of Western Midstream Partners by 8.6% in the 1st quarter. Daymark Wealth Partners LLC now owns 45,506 shares of the pipeline company's stock valued at $1,864,000 after acquiring an additional 3,605 shares during the period. Baldwin Wealth Partners LLC MA bought a new position in Western Midstream Partners during the first quarter worth about $205,000. Princeton Global Asset Management LLC raised its stake in Western Midstream Partners by 133.3% in the 1st quarter. Princeton Global Asset Management LLC now owns 700 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 400 shares during the period. Finally, Penbrook Management LLC raised its position in shares of Western Midstream Partners by 81.3% in the first quarter. Penbrook Management LLC now owns 11,600 shares of the pipeline company's stock valued at $475,000 after purchasing an additional 5,200 shares during the period. 84.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Western Midstream Partners Trading Down 0.2%

Shares of WES stock traded down $0.08 during mid-day trading on Tuesday, reaching $38.38. 930,954 shares of the stock traded hands, compared to its average volume of 1,233,806. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 11.46 and a beta of 1.09. 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 stock's fifty day simple moving average is $37.97 and its two-hundred day simple moving average is $39.36. Western Midstream Partners, LP has a 1-year low of $33.60 and a 1-year high of $43.33.

Western Midstream Partners (NYSE:WES - Get Free Report) last posted its 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 return on equity of 38.52% and a net margin of 35.79%. The business had revenue of $917.12 million for the quarter, compared to analyst estimates of $926.55 million. During the same quarter in the prior year, the business earned $1.47 earnings per share. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts anticipate that Western Midstream Partners, LP will post 4.02 EPS 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. Investors of record on Friday, May 2nd were paid 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 payout ratio is currently 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.