Janney Montgomery Scott LLC Purchases 7,555 Shares of Western Midstream Partners, LP (NYSE:WES)

Janney Montgomery Scott LLC increased its holdings in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 28.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,425 shares of the pipeline company's stock after purchasing an additional 7,555 shares during the quarter. Janney Montgomery Scott LLC's holdings in Western Midstream Partners were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its holdings in Western Midstream Partners by 11.0% in the fourth quarter. Sanctuary Advisors LLC now owns 19,241 shares of the pipeline company's stock worth $739,000 after purchasing an additional 1,909 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Western Midstream Partners during the 4th quarter valued at $51,000. IFP Advisors Inc lifted its holdings in shares of Western Midstream Partners by 30.0% during the 4th quarter. IFP Advisors Inc now owns 7,187 shares of the pipeline company's stock valued at $276,000 after buying an additional 1,657 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Western Midstream Partners by 3.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 58,670 shares of the pipeline company's stock worth $2,255,000 after buying an additional 1,709 shares during the last quarter. Finally, Terril Brothers Inc. grew its holdings in shares of Western Midstream Partners by 38.4% in the fourth quarter. Terril Brothers Inc. now owns 374,536 shares of the pipeline company's stock worth $14,393,000 after acquiring an additional 104,000 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Western Midstream Partners Stock Performance

NYSE WES traded down $0.13 on Tuesday, hitting $38.57. 1,511,674 shares of the company traded hands, compared to its average volume of 1,225,162. The business's 50 day moving average price is $38.17 and its 200-day moving average price is $39.26. Western Midstream Partners, LP has a 52-week low of $33.60 and a 52-week high of $43.33. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 11.51 and a beta of 1.08.

Western Midstream Partners (NYSE:WES - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The pipeline company reported $0.79 earnings per share 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 analysts' expectations of $926.55 million. Western Midstream Partners had a net margin of 35.79% and a return on equity of 38.52%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 earnings per share. Equities analysts expect that Western Midstream Partners, LP will post 4.02 earnings per share for the current year.

Western Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $3.64 annualized dividend and a yield of 9.44%. This is an increase from Western Midstream Partners's previous quarterly dividend of $0.88. Western Midstream Partners's payout ratio is currently 108.66%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WES shares. 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 report on Tuesday, May 20th. Wall Street Zen 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, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Western Midstream Partners presently has an average rating of "Hold" and an average target price of $39.83.

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.