Cerity Partners LLC Has $789,000 Stock Position in Western Midstream Partners, LP (NYSE:WES)

Cerity Partners LLC trimmed its holdings in Western Midstream Partners, LP (NYSE:WES - Free Report) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,603 shares of the pipeline company's stock after selling 9,275 shares during the period. Cerity Partners LLC's holdings in Western Midstream Partners were worth $789,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Chickasaw Capital Management LLC grew its position in Western Midstream Partners by 1.5% in the fourth quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company's stock worth $259,610,000 after acquiring an additional 99,518 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $68,298,000 after buying an additional 670,440 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Western Midstream Partners during the 4th quarter worth $19,079,000. Terril Brothers Inc. boosted its holdings in shares of Western Midstream Partners by 38.4% during the 4th quarter. Terril Brothers Inc. now owns 374,536 shares of the pipeline company's stock worth $14,393,000 after buying an additional 104,000 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Western Midstream Partners by 5.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 353,344 shares of the pipeline company's stock worth $13,579,000 after buying an additional 19,079 shares during the period. 84.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Western Midstream Partners Stock Performance

NYSE:WES traded up $0.75 during trading hours on Thursday, hitting $38.65. 349,344 shares of the company traded hands, compared to its average volume of 1,245,495. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 1.40 and a beta of 2.40. Western Midstream Partners, LP has a twelve month low of $33.60 and a twelve month high of $43.33. The firm has a 50-day moving average of $39.43 and a 200 day moving average of $39.39. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners Increases Dividend

The firm 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 $0.91 dividend. This is a boost from Western Midstream Partners's previous quarterly dividend of $0.88. The ex-dividend date is Friday, May 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 9.42%. Western Midstream Partners's dividend payout ratio is currently 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.