U.S. Capital Wealth Advisors LLC Has $3.83 Million Stock Position in Western Midstream Partners, LP $WES

Key Points

• U.S. Capital Wealth Advisors LLC increased its stock position in Western Midstream Partners, LP by 11.9% to a total of 99,017 shares, valued at approximately $3.83 million.
• The company reported a quarterly earnings per share of $0.87, exceeding analysts' estimates of $0.82, and noted a revenue of $942.32 million for the quarter.
• Western Midstream Partners declared a quarterly dividend of $0.91 with a dividend yield of 9.5%, despite having a payout ratio of 112%.

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 11.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,017 shares of the pipeline company's stock after buying an additional 10,504 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Western Midstream Partners were worth $3,832,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC boosted its stake 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 buying an additional 400 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its stake in Western Midstream Partners by 1,856.4% during the first quarter. Financial Network Wealth Advisors LLC now owns 763 shares of the pipeline company's stock worth $31,000 after buying an additional 724 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Western Midstream Partners during the first quarter worth $41,000. Creative Financial Designs Inc. ADV acquired a new stake in Western Midstream Partners during the first quarter worth $72,000. Finally, Militia Capital Partners LP acquired a new stake in Western Midstream Partners during the first quarter worth $123,000. Institutional investors and hedge funds own 84.82% of the company's stock.

Western Midstream Partners Stock Performance

Shares of NYSE:WES opened at $38.33 on Tuesday. The stock has a market capitalization of $14.61 billion, a P/E ratio of 11.79 and a beta of 1.18. Western Midstream Partners, LP has a 1-year low of $33.60 and a 1-year high of $43.33. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average price of $39.00 and a two-hundred day moving average price of $38.77.

Western Midstream Partners (NYSE:WES - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The pipeline company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. The firm had revenue of $942.32 million during the quarter, compared to analysts' expectations of $954.17 million. Western Midstream Partners had a return on equity of 37.70% and a net margin of 34.45%.The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Equities analysts predict that Western Midstream Partners, LP will post 4.02 earnings per share for the current year.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 1st were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 9.5%. Western Midstream Partners's dividend payout ratio is 112.00%.

Analyst Ratings Changes

Several brokerages have recently commented on WES. Royal Bank Of Canada boosted their target price on shares of Western Midstream Partners from $38.00 to $39.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 26th. Mizuho boosted their target price on shares of Western Midstream Partners from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Morgan Stanley reduced their target price on shares of Western Midstream Partners from $41.00 to $39.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Western Midstream Partners currently has a consensus rating of "Reduce" and a consensus target price of $39.60.

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.

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