Western Midstream Partners, LP (NYSE:WES) Stock Holdings Increased by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. has increased its stake in Western Midstream Partners by 13.7%, acquiring an additional 52,880 shares, which now makes the investment firm own 437,971 shares in total.
• Western Midstream Partners has reported earnings of $0.79 per share, missing estimates, with quarterly revenue of $917.12 million, which is below the consensus of $926.55 million.
• The company recently announced a quarterly dividend of $0.91 per share, resulting in an annual yield of 8.93%, with a payout ratio of 108.66%.

Texas Yale Capital Corp. raised its position in Western Midstream Partners, LP (NYSE:WES - Free Report) by 13.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 437,971 shares of the pipeline company's stock after acquiring an additional 52,880 shares during the period. Western Midstream Partners makes up 0.7% of Texas Yale Capital Corp.'s investment portfolio, making the stock its 13th largest holding. Texas Yale Capital Corp. owned 0.11% of Western Midstream Partners worth $17,939,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in Western Midstream Partners by 7.6% in the first quarter. Alps Advisors Inc. now owns 33,824,487 shares of the pipeline company's stock worth $1,385,451,000 after purchasing an additional 2,400,891 shares during the period. Invesco Ltd. boosted its holdings in shares of Western Midstream Partners by 6.6% during the fourth quarter. Invesco Ltd. now owns 22,809,161 shares of the pipeline company's stock valued at $876,556,000 after acquiring an additional 1,406,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Western Midstream Partners by 23.1% during 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 period. Stifel Financial Corp boosted its holdings in shares of Western Midstream Partners by 624.5% during the fourth quarter. Stifel Financial Corp now owns 785,096 shares of the pipeline company's stock valued at $30,171,000 after acquiring an additional 676,729 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Western Midstream Partners by 83.1% during the fourth quarter. Barclays PLC now owns 1,404,381 shares of the pipeline company's stock valued at $53,971,000 after acquiring an additional 637,266 shares during the period. Institutional investors and hedge funds own 84.82% of the company's stock.

Western Midstream Partners Price Performance

Western Midstream Partners stock traded up $0.14 during midday trading on Monday, hitting $40.90. The company's stock had a trading volume of 689,594 shares, compared to its average volume of 781,987. 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 50-day moving average price is $38.82 and its 200-day moving average price is $39.33. Western Midstream Partners, LP has a 12 month low of $33.60 and a 12 month high of $43.33. The company has a market capitalization of $15.60 billion, a PE ratio of 12.17 and a beta of 1.08.

Western Midstream Partners (NYSE:WES - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $926.55 million. During the same quarter last year, the firm posted $1.47 earnings per share. Western Midstream Partners's revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Western Midstream Partners, LP will post 4.02 earnings per share for the current fiscal year.

Western Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date of this dividend is Friday, August 1st. Western Midstream Partners's dividend payout ratio is presently 108.66%.

Wall Street Analyst Weigh In

Separately, Mizuho reduced their price objective on shares of Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, May 20th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $39.83.

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.