Western Midstream Partners, LP (NYSE:WES) Shares Purchased by CFM Wealth Partners LLC

CFM Wealth Partners LLC grew its position in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 28.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,944 shares of the pipeline company's stock after purchasing an additional 9,904 shares during the period. CFM Wealth Partners LLC's holdings in Western Midstream Partners were worth $1,841,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its stake in shares of Western Midstream Partners by 4.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,833 shares of the pipeline company's stock valued at $263,000 after buying an additional 306 shares during the period. Virtus ETF Advisers LLC raised its holdings in Western Midstream Partners by 7.3% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,564 shares of the pipeline company's stock valued at $175,000 after acquiring an additional 311 shares during the last quarter. RE Dickinson Investment Advisors LLC raised its holdings in Western Midstream Partners by 21.8% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,168 shares of the pipeline company's stock valued at $83,000 after acquiring an additional 388 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of Western Midstream Partners by 133.3% during the 1st quarter. Princeton Global Asset Management LLC now owns 700 shares of the pipeline company's stock worth $29,000 after purchasing an additional 400 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Western Midstream Partners by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company's stock worth $74,000 after purchasing an additional 498 shares during the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Price Performance

WES stock opened at $38.54 on Friday. The stock has a 50-day moving average price of $38.13 and a two-hundred day moving average price of $39.28. The company has a market cap of $14.70 billion, a PE ratio of 11.50 and a beta of 1.09. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.08. 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 posted 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 business had revenue of $917.12 million for the quarter, compared to analyst estimates of $926.55 million. Western Midstream Partners had a return on equity of 38.52% and a net margin of 35.79%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.47 EPS. As a group, research analysts predict that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, May 2nd were given a $0.91 dividend. The ex-dividend date was Friday, May 2nd. This represents a $3.64 annualized dividend and a dividend yield of 9.44%. This is a positive change from Western Midstream Partners's previous quarterly dividend of $0.88. Western Midstream Partners's dividend payout ratio is presently 108.66%.

Analyst Ratings Changes

Several equities analysts recently commented on WES shares. Mizuho dropped their target price on Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, May 20th. Wall Street Zen raised shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.

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