Western Midstream Partners, LP (NYSE:WES) Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 20.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,513 shares of the pipeline company's stock after acquiring an additional 15,313 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Western Midstream Partners were worth $3,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its position in Western Midstream Partners by 133.3% during the first quarter. Princeton Global Asset Management LLC now owns 700 shares of the pipeline company's stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Western Midstream Partners in the fourth quarter valued at approximately $39,000. Bessemer Group Inc. purchased a new position in shares of Western Midstream Partners during the first quarter valued at approximately $41,000. Harbour Investments Inc. boosted its position in Western Midstream Partners by 555.6% during the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock worth $45,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new stake in Western Midstream Partners in the 1st quarter worth approximately $72,000. Institutional investors and hedge funds own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Mizuho reduced their price target on Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.83.

Western Midstream Partners Trading Up 0.6%

Shares of WES traded up $0.24 during trading hours on Friday, hitting $39.48. The stock had a trading volume of 712,737 shares, compared to its average volume of 1,220,181. The company's fifty day simple moving average is $38.34 and its 200 day simple moving average is $39.27. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $15.05 billion, a P/E ratio of 11.78 and a beta of 1.08. 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 earnings results on Wednesday, May 7th. The pipeline company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.04). The business had revenue of $917.12 million for the quarter, compared to analyst estimates 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 revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. Equities research analysts forecast that Western Midstream Partners, LP will post 4.02 EPS for the current fiscal year.

Western Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 2nd were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 9.22%. This is an increase from Western Midstream Partners's previous quarterly dividend of $0.88. The ex-dividend date was Friday, May 2nd. Western Midstream Partners's dividend payout ratio (DPR) is 108.66%.

Western Midstream Partners 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.