First National Trust Co Lowers Stake in Western Gas Partners, LP (WES)

First National Trust Co cut its holdings in shares of Western Gas Partners, LP (NYSE:WES) by 35.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,078 shares of the pipeline company’s stock after selling 6,000 shares during the period. First National Trust Co’s holdings in Western Gas Partners were worth $533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ffcm LLC purchased a new position in shares of Western Gas Partners during the third quarter worth approximately $113,000. Penserra Capital Management LLC purchased a new position in shares of Western Gas Partners during the third quarter worth approximately $142,000. The Manufacturers Life Insurance Company grew its position in shares of Western Gas Partners by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 3,954 shares of the pipeline company’s stock worth $221,000 after acquiring an additional 265 shares during the last quarter. Whalerock Point Partners LLC purchased a new position in shares of Western Gas Partners during the fourth quarter worth approximately $264,000. Finally, Suntrust Banks Inc. grew its position in shares of Western Gas Partners by 67.5% during the second quarter. Suntrust Banks Inc. now owns 5,570 shares of the pipeline company’s stock worth $311,000 after acquiring an additional 2,244 shares during the last quarter. Institutional investors and hedge funds own 61.87% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Western Gas Partners from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Saturday, October 28th. Credit Suisse Group started coverage on shares of Western Gas Partners in a research report on Thursday, January 4th. They issued a “neutral” rating and a $49.00 price objective on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $61.00 price objective on shares of Western Gas Partners in a research report on Tuesday. Finally, ValuEngine lowered shares of Western Gas Partners from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Western Gas Partners has a consensus rating of “Hold” and a consensus price target of $57.33.

Western Gas Partners, LP (NYSE WES) opened at $52.31 on Friday. Western Gas Partners, LP has a 1 year low of $42.68 and a 1 year high of $67.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $7,980.00, a price-to-earnings ratio of 39.33, a P/E/G ratio of 3.88 and a beta of 1.14.

Western Gas Partners (NYSE:WES) last posted its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The firm had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $536.01 million. During the same quarter last year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. equities analysts anticipate that Western Gas Partners, LP will post 1.44 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Western Gas Partners (NYSE:WES)

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