NBW Capital LLC Has $9.42 Million Stock Position in Western Midstream Partners, LP (NYSE:WES)

NBW Capital LLC grew its position in Western Midstream Partners, LP (NYSE:WES - Free Report) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 322,010 shares of the pipeline company's stock after acquiring an additional 64,370 shares during the quarter. Western Midstream Partners comprises approximately 2.1% of NBW Capital LLC's portfolio, making the stock its 8th biggest position. NBW Capital LLC owned approximately 0.08% of Western Midstream Partners worth $9,422,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Alps Advisors Inc. lifted its holdings in shares of Western Midstream Partners by 13.0% during the third quarter. Alps Advisors Inc. now owns 33,519,544 shares of the pipeline company's stock worth $912,737,000 after purchasing an additional 3,855,558 shares during the period. Invesco Ltd. raised its position in Western Midstream Partners by 13.8% in the third quarter. Invesco Ltd. now owns 20,746,835 shares of the pipeline company's stock worth $564,936,000 after acquiring an additional 2,520,712 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Western Midstream Partners by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,280,595 shares of the pipeline company's stock worth $183,770,000 after acquiring an additional 802,709 shares in the last quarter. Clearbridge Investments LLC raised its position in Western Midstream Partners by 14.2% in the first quarter. Clearbridge Investments LLC now owns 5,012,565 shares of the pipeline company's stock worth $126,417,000 after acquiring an additional 623,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Western Midstream Partners by 15.8% in the third quarter. JPMorgan Chase & Co. now owns 4,571,428 shares of the pipeline company's stock worth $124,480,000 after acquiring an additional 622,108 shares in the last quarter. 42.94% of the stock is owned by institutional investors and hedge funds.

Western Midstream Partners Trading Up 0.6 %

Shares of NYSE WES traded up $0.22 during midday trading on Thursday, hitting $34.65. The stock had a trading volume of 691,144 shares, compared to its average volume of 1,261,423. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 13.33 and a beta of 2.83. Western Midstream Partners, LP has a 1-year low of $24.89 and a 1-year high of $36.79. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.40. The company has a fifty day moving average price of $33.63 and a 200 day moving average price of $30.04.

Western Midstream Partners (NYSE:WES - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The pipeline company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $858.21 million during the quarter, compared to analyst estimates of $850.23 million. Western Midstream Partners had a net margin of 32.72% and a return on equity of 33.58%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts predict that Western Midstream Partners, LP will post 3.45 earnings per share for the current year.

Western Midstream Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, February 1st were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend was Wednesday, January 31st. Western Midstream Partners's dividend payout ratio (DPR) is presently 88.46%.

Insider Buying and Selling

In related news, Director Lisa A. Stewart purchased 2,500 shares of Western Midstream Partners stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $34.87 per share, with a total value of $87,175.00. Following the transaction, the director now owns 30,730 shares of the company's stock, valued at approximately $1,071,555.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Western Midstream Partners news, Director Lisa A. Stewart acquired 2,500 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $34.87 per share, for a total transaction of $87,175.00. Following the acquisition, the director now directly owns 30,730 shares of the company's stock, valued at $1,071,555.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth F. Owen acquired 7,000 shares of the company's stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $33.96 per share, for a total transaction of $237,720.00. Following the completion of the acquisition, the director now directly owns 32,730 shares in the company, valued at $1,111,510.80. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WES has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on Western Midstream Partners from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Wolfe Research upgraded Western Midstream Partners from an "underperform" rating to a "peer perform" rating in a research report on Thursday. Raymond James restated a "market perform" rating on shares of Western Midstream Partners in a research report on Tuesday, March 19th. Finally, Citigroup cut Western Midstream Partners from a "buy" rating to a "neutral" rating and raised their price target for the company from $30.00 to $34.00 in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Western Midstream Partners presently has a consensus rating of "Hold" and a consensus price target of $30.75.

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.