Miller Howard Investments Inc. NY raised its position in Western Gas Partners, LP (NYSE:WES) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,379,518 shares of the pipeline company’s stock after buying an additional 198,139 shares during the quarter. Western Gas Partners, comprises about 1.5% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 28th largest position. Miller Howard Investments Inc. NY owned about 0.90% of Western Gas Partners, worth $70,742,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Pathstone Family Office LLC acquired a new stake in Western Gas Partners, during the 2nd quarter worth approximately $136,000. Chicago Partners Investment Group LLC boosted its position in Western Gas Partners, by 60.2% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock worth $139,000 after buying an additional 900 shares during the period. Penserra Capital Management LLC acquired a new stake in Western Gas Partners, during the 3rd quarter worth approximately $142,000. Oppenheimer Asset Management Inc. acquired a new stake in Western Gas Partners, during the 1st quarter worth approximately $181,000. Finally, Signature Financial Management Inc. boosted its position in Western Gas Partners, by 9.6% during the 2nd quarter. Signature Financial Management Inc. now owns 3,725 shares of the pipeline company’s stock worth $208,000 after buying an additional 325 shares during the period. 60.00% of the stock is currently owned by hedge funds and other institutional investors.
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Several research firms recently commented on WES. Seaport Global Securities began coverage on shares of Western Gas Partners, in a research report on Tuesday, October 10th. They set a “buy” rating and a $64.00 target price on the stock. Stifel Nicolaus restated a “hold” rating and issued a $54.00 price target on shares of Western Gas Partners, in a research report on Thursday, October 12th. Scotiabank restated a “hold” rating and issued a $61.00 price target on shares of Western Gas Partners, in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, July 25th. Finally, Morgan Stanley lowered their price objective on shares of Western Gas Partners, from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.64.
Shares of Western Gas Partners, LP (NYSE:WES) traded down $0.54 during trading hours on Friday, hitting $45.64. 197,200 shares of the company were exchanged, compared to its average volume of 438,250. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market cap of $7,047.17, a P/E ratio of 37.54, a P/E/G ratio of 5.64 and a beta of 1.18. Western Gas Partners, LP has a 52 week low of $45.33 and a 52 week high of $67.44.
Western Gas Partners, (NYSE:WES) last issued its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.16). The company had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $536.01 million. Western Gas Partners, had a return on equity of 14.68% and a net margin of 26.41%. Western Gas Partners,’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. analysts predict that Western Gas Partners, LP will post 1.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.905 per share. The ex-dividend date is Wednesday, November 1st. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.89. This represents a $3.62 annualized dividend and a yield of 7.93%. Western Gas Partners,’s dividend payout ratio is 294.31%.
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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