Susquehanna Fundamental Investments LLC Acquires New Shares in Western Midstream Partners, LP (NYSE:WES)

Susquehanna Fundamental Investments LLC acquired a new stake in Western Midstream Partners, LP (NYSE:WES - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,066 shares of the pipeline company's stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Virtus ETF Advisers LLC lifted its position in shares of Western Midstream Partners by 7.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,564 shares of the pipeline company's stock valued at $175,000 after buying an additional 311 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in 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 worth $263,000 after purchasing an additional 306 shares during the period. MGO One Seven LLC boosted its position in Western Midstream Partners by 11.0% during the fourth quarter. MGO One Seven LLC now owns 136,739 shares of the pipeline company's stock worth $5,255,000 after purchasing an additional 13,545 shares during the period. Stifel Financial Corp increased its stake in shares of Western Midstream Partners by 624.5% in the fourth quarter. Stifel Financial Corp now owns 785,096 shares of the pipeline company's stock worth $30,171,000 after purchasing an additional 676,729 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Western Midstream Partners by 248.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,195 shares of the pipeline company's stock valued at $277,000 after purchasing an additional 5,130 shares during the period. 84.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.43.

Western Midstream Partners Price Performance

NYSE:WES traded up $0.23 during trading hours on Wednesday, hitting $35.88. The stock had a trading volume of 1,148,607 shares, compared to its average volume of 1,255,631. The company has a 50 day simple moving average of $38.85 and a two-hundred day simple moving average of $39.28. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 1.40 and a beta of 1.12. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. Western Midstream Partners, LP has a one year low of $33.60 and a one year 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 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.04). Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. Research analysts forecast that Western Midstream Partners, LP will post 4.02 earnings per share for the current fiscal year.

Western Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.91 per share. This is a boost from Western Midstream Partners's previous quarterly dividend of $0.88. This represents a $3.64 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend is Friday, May 2nd. Western Midstream Partners's dividend payout ratio (DPR) is 90.32%.

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.