Shares of Western Gas Partners, LP (NYSE:WES) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $60.67.
Several equities analysts recently commented on WES shares. TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b” rating in a research report on Wednesday, April 26th. Guggenheim assumed coverage on shares of Western Gas Partners, in a research report on Monday, April 17th. They issued a “buy” rating and a $68.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $69.00 price objective on shares of Western Gas Partners, in a research report on Friday, April 7th. Stifel Nicolaus restated a “hold” rating and issued a $60.00 target price on shares of Western Gas Partners, in a research note on Friday, July 14th. Finally, Scotiabank set a $61.00 target price on shares of Western Gas Partners, and gave the company a “hold” rating in a research note on Tuesday, July 11th.
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Several hedge funds have recently added to or reduced their stakes in the company. Linscomb & Williams Inc. boosted its stake in Western Gas Partners, by 0.4% in the first quarter. Linscomb & Williams Inc. now owns 9,645 shares of the pipeline company’s stock worth $583,000 after buying an additional 35 shares during the period. Sei Investments Co. boosted its position in Western Gas Partners, by 0.6% in the first quarter. Sei Investments Co. now owns 18,100 shares of the pipeline company’s stock valued at $1,094,000 after buying an additional 100 shares during the last quarter. Keybank National Association OH boosted its position in Western Gas Partners, by 6.1% in the first quarter. Keybank National Association OH now owns 4,795 shares of the pipeline company’s stock valued at $290,000 after buying an additional 275 shares during the last quarter. TIAA CREF Trust Co. FSB MO boosted its position in Western Gas Partners, by 1.4% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 23,304 shares of the pipeline company’s stock valued at $1,409,000 after buying an additional 332 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in Western Gas Partners, by 11.6% in the first quarter. Sigma Planning Corp now owns 5,682 shares of the pipeline company’s stock valued at $343,000 after buying an additional 589 shares during the last quarter. 58.03% of the stock is currently owned by institutional investors and hedge funds.
Western Gas Partners, (NYSE WES) remained flat at $53.20 during mid-day trading on Tuesday. 1,292,103 shares of the company were exchanged. The firm has a market capitalization of $7.53 billion, a PE ratio of 37.10 and a beta of 1.20. Western Gas Partners, has a 52 week low of $46.85 and a 52 week high of $67.44. The company’s 50-day moving average is $55.11 and its 200-day moving average is $58.99.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, July 31st will be given a $0.89 dividend. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Thursday, July 27th. Western Gas Partners,’s dividend payout ratio (DPR) is presently 241.38%.
About Western Gas Partners,
Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States.
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