Western Midstream Partners, LP (NYSE:WES) Stock Holdings Lifted by Invesco Ltd.

Invesco Ltd. boosted its stake in Western Midstream Partners, LP (NYSE:WES - Free Report) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,809,161 shares of the pipeline company's stock after buying an additional 1,406,362 shares during the period. Invesco Ltd. owned 5.99% of Western Midstream Partners worth $876,556,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WES. Stifel Financial Corp increased its holdings in shares of Western Midstream Partners by 42.1% during the third quarter. Stifel Financial Corp now owns 108,367 shares of the pipeline company's stock valued at $4,146,000 after purchasing an additional 32,119 shares during the period. JPMorgan Chase & Co. increased its stake in Western Midstream Partners by 60.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company's stock valued at $68,298,000 after buying an additional 670,440 shares during the period. Duff & Phelps Investment Management Co. increased its stake in Western Midstream Partners by 6,986.8% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company's stock valued at $27,114,000 after buying an additional 698,683 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Western Midstream Partners in the 3rd quarter worth approximately $2,654,000. Finally, Samalin Investment Counsel LLC acquired a new stake in shares of Western Midstream Partners in the 4th quarter worth approximately $1,085,000. 84.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Western Midstream Partners from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $38.43.

Western Midstream Partners Price Performance

NYSE:WES traded up $0.68 during trading hours on Friday, reaching $36.57. 817,853 shares of the company's stock were exchanged, compared to its average volume of 1,248,490. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $13.95 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 1.40 and a beta of 2.40. Western Midstream Partners, LP has a 12 month low of $33.60 and a 12 month high of $43.33. The business's 50-day simple moving average is $39.85 and its two-hundred day simple moving average is $39.44.

Western Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 9.57%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners's dividend payout ratio is presently 86.85%.

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.