Western Gas Equity Partners, LP (NYSE:WGP) has been given an average rating of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $50.89.

Several research firms recently issued reports on WGP. BidaskClub lowered shares of Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Western Gas Equity Partners, from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Thursday, July 20th. Deutsche Bank AG raised shares of Western Gas Equity Partners, from a “hold” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $54.00 in a report on Thursday, July 13th. Scotiabank set a $51.00 price objective on shares of Western Gas Equity Partners, and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, Macquarie initiated coverage on shares of Western Gas Equity Partners, in a report on Friday, April 21st. They set an “outperform” rating and a $51.00 price objective for the company.

Shares of Western Gas Equity Partners, (NYSE:WGP) traded down 1.30% during trading on Tuesday, hitting $40.34. The stock had a trading volume of 7,005 shares. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 24.81 and a beta of 1.56. The stock’s 50-day moving average price is $42.15 and its 200 day moving average price is $44.35. Western Gas Equity Partners, has a one year low of $35.52 and a one year high of $47.82.

Western Gas Equity Partners, (NYSE:WGP) last posted its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Western Gas Equity Partners, had a net margin of 17.50% and a return on equity of 8.78%. The firm had revenue of $525.50 million during the quarter, compared to analyst estimates of $505.77 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, equities analysts forecast that Western Gas Equity Partners, will post $1.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, July 31st will be issued a dividend of $0.5275 per share. This is a positive change from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, July 27th. This represents a $2.11 annualized dividend and a dividend yield of 5.16%. Western Gas Equity Partners,’s dividend payout ratio (DPR) is presently 129.45%.

Hedge funds have recently bought and sold shares of the company. Spirit of America Management Corp NY raised its stake in Western Gas Equity Partners, by 31.8% in the first quarter. Spirit of America Management Corp NY now owns 148,373 shares of the pipeline company’s stock valued at $6,840,000 after buying an additional 35,800 shares during the last quarter. Walnut Private Equity Partners LLC boosted its stake in Western Gas Equity Partners, by 7.1% in the first quarter. Walnut Private Equity Partners LLC now owns 37,500 shares of the pipeline company’s stock valued at $1,729,000 after buying an additional 2,500 shares during the period. Hollencrest Securities LLC bought a new stake in Western Gas Equity Partners, during the first quarter valued at approximately $350,000. Taylor Wealth Management Partners boosted its stake in Western Gas Equity Partners, by 1,050.0% in the first quarter. Taylor Wealth Management Partners now owns 4,600 shares of the pipeline company’s stock valued at $212,000 after buying an additional 4,200 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its stake in Western Gas Equity Partners, by 0.4% in the first quarter. Miller Howard Investments Inc. NY now owns 48,136 shares of the pipeline company’s stock valued at $2,219,000 after buying an additional 170 shares during the period. 18.49% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Western Gas Equity Partners, (NYSE:WGP)

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