American National Insurance Co. TX continued to hold its position in shares of Western Gas Partners, LP (NYSE:WES) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,950 shares of the pipeline company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Western Gas Partners, were worth $557,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kayne Anderson Capital Advisors LP boosted its stake in Western Gas Partners, by 33.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,806,681 shares of the pipeline company’s stock worth $592,814,000 after buying an additional 2,480,457 shares during the period. Chickasaw Capital Management LLC boosted its stake in Western Gas Partners, by 0.9% in the first quarter. Chickasaw Capital Management LLC now owns 2,662,650 shares of the pipeline company’s stock worth $160,957,000 after buying an additional 23,385 shares during the period. Center Coast Capital Advisors LP boosted its stake in Western Gas Partners, by 1.6% in the first quarter. Center Coast Capital Advisors LP now owns 2,444,096 shares of the pipeline company’s stock worth $147,746,000 after buying an additional 38,458 shares during the period. JPMorgan Chase & Co. boosted its stake in Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock worth $102,557,000 after buying an additional 378,167 shares during the period. Finally, Morgan Stanley boosted its stake in Western Gas Partners, by 13.1% in the first quarter. Morgan Stanley now owns 1,448,340 shares of the pipeline company’s stock worth $87,553,000 after buying an additional 167,704 shares during the period. 58.38% of the stock is currently owned by hedge funds and other institutional investors.
Western Gas Partners, LP (NYSE:WES) traded up 1.25% during midday trading on Wednesday, hitting $52.75. 152,399 shares of the stock were exchanged. Western Gas Partners, LP has a one year low of $46.85 and a one year high of $67.44. The stock has a market cap of $8.05 billion, a P/E ratio of 37.71 and a beta of 1.19. The firm has a 50-day moving average price of $54.46 and a 200-day moving average price of $58.56.
Western Gas Partners, (NYSE:WES) last announced its quarterly earnings data on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The firm had revenue of $525.45 million during the quarter, compared to analyst estimates of $488.21 million. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, equities research analysts anticipate that Western Gas Partners, LP will post $1.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, July 31st will be issued a $0.89 dividend. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $3.56 annualized dividend and a dividend yield of 6.83%. Western Gas Partners,’s dividend payout ratio is 256.12%.
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Several analysts have commented on WES shares. TheStreet upgraded shares of Western Gas Partners, from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. Guggenheim started coverage on shares of Western Gas Partners, in a research note on Monday, April 17th. They set a “buy” rating and a $68.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and set a $69.00 price objective on shares of Western Gas Partners, in a research note on Friday, April 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 target price on shares of Western Gas Partners, in a report 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 report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $61.18.
Western Gas Partners, Company Profile
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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