U.S. Capital Wealth Advisors LLC Buys 15,313 Shares of Western Midstream Partners, LP (NYSE:WES)

U.S. Capital Wealth Advisors LLC grew its stake in Western Midstream Partners, LP (NYSE:WES - Free Report) by 20.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,513 shares of the pipeline company's stock after purchasing an additional 15,313 shares during the quarter. 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.

A number of other large investors also recently made changes to their positions in WES. Raymond James Financial Inc. acquired a new position in shares of Western Midstream Partners in the 4th quarter valued at $19,079,000. Banco Santander S.A. increased its position in shares of Western Midstream Partners by 22.8% in the 4th quarter. Banco Santander S.A. now owns 19,974 shares of the pipeline company's stock valued at $768,000 after buying an additional 3,715 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Western Midstream Partners in the 4th quarter valued at $231,000. Citizens Financial Group Inc. RI bought a new stake in shares of Western Midstream Partners in the 4th quarter valued at $222,000. Finally, HighTower Advisors LLC increased its position in shares of Western Midstream Partners by 3.6% in the 4th quarter. HighTower Advisors LLC now owns 98,008 shares of the pipeline company's stock valued at $3,766,000 after buying an additional 3,409 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, Mizuho lowered 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 research report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $39.83.

Western Midstream Partners Stock Down 0.3%

WES stock traded down $0.12 during trading hours on Thursday, reaching $39.16. 380,407 shares of the stock were exchanged, compared to its average volume of 1,221,719. The firm's 50-day moving average is $38.24 and its 200-day moving average is $39.27. The company has a market cap of $14.93 billion, a price-to-earnings ratio of 11.69 and a beta of 1.08. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.18 and a quick ratio of 1.18. 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 released its earnings results on Wednesday, May 7th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.04). The firm had revenue of $917.12 million for the quarter, compared to the consensus estimate of $926.55 million. Western Midstream Partners had a return on equity of 38.52% and a net margin of 35.79%. Western Midstream Partners's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.47 EPS. On average, equities research 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 announced 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. This represents a $3.64 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date was Friday, May 2nd. This is a boost 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.