Western Gas Equity Partners, LP (NYSE:WGP) declared a dividend on Tuesday, July 18th, Fidelity reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.5275 per share by the pipeline company on Monday, August 21st. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Western Gas Equity Partners,’s previous dividend of $0.45.

Western Gas Equity Partners, has increased its dividend payment by an average of 39.8% annually over the last three years and has increased its dividend every year for the last 3 years. Western Gas Equity Partners, has a payout ratio of 134.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Western Gas Equity Partners, to earn $2.26 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 87.2%.

Western Gas Equity Partners, (NYSE WGP) traded up 0.02% during trading on Friday, reaching $41.54. 114,772 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $42.44 and its 200 day moving average price is $44.44. The firm has a market cap of $9.09 billion, a P/E ratio of 26.75 and a beta of 1.57. Western Gas Equity Partners, has a 52-week low of $35.52 and a 52-week high of $47.82.

Western Gas Equity Partners, (NYSE:WGP) last released its earnings results on Tuesday, May 2nd. The pipeline company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by $0.04. Western Gas Equity Partners, had a net margin of 17.55% and a return on equity of 8.34%. The firm had revenue of $516.19 million during the quarter, compared to the consensus estimate of $501.83 million. Equities research analysts anticipate that Western Gas Equity Partners, will post $1.64 EPS for the current fiscal year.

Several research firms have commented on WGP. Zacks Investment Research raised shares of Western Gas Equity Partners, from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday. Scotiabank set a $51.00 target price on shares of Western Gas Equity Partners, and gave the company a “buy” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Western Gas Equity Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Deutsche Bank AG raised shares of Western Gas Equity Partners, from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $54.00 in a report on Thursday, July 13th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 target price on shares of Western Gas Equity Partners, in a report on Friday, April 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $49.09.

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Western Gas Equity Partners, Company Profile

Western Gas Equity Partners, LP is a limited partnership. The Company is formed to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES is an master limited partnership (MLP) engaged in the business of gathering, compressing, treating, processing and transporting natural gas, and gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil.

Dividend History for Western Gas Equity Partners, (NYSE:WGP)

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