Wall Street analysts predict that Western Gas Equity Partners, LP (NYSE:WGP) will announce $0.44 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for Western Gas Equity Partners,’s earnings, with estimates ranging from $0.40 to $0.47. Western Gas Equity Partners, reported earnings of $0.39 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The business is expected to issue its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Western Gas Equity Partners, will report full year earnings of $1.54 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.67. For the next financial year, analysts expect that the business will report earnings of $1.94 per share, with EPS estimates ranging from $1.75 to $2.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Western Gas Equity Partners,.

Western Gas Equity Partners, (NYSE:WGP) last posted its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Western Gas Equity Partners, had a return on equity of 8.99% and a net margin of 16.96%. The company had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $530.80 million. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis.

WGP has been the subject of several recent analyst reports. Zacks Investment Research raised Western Gas Equity Partners, from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, September 27th. Scotiabank set a $51.00 price target on Western Gas Equity Partners, and gave the company a “buy” rating in a report on Wednesday, August 16th. Seaport Global Securities initiated coverage on Western Gas Equity Partners, in a report on Tuesday, October 10th. They issued a “buy” rating and a $49.00 price target for the company. Morgan Stanley reduced their price target on Western Gas Equity Partners, from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, TheStreet cut Western Gas Equity Partners, from a “b” rating to a “c+” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Western Gas Equity Partners, presently has a consensus rating of “Buy” and a consensus target price of $49.45.

Western Gas Equity Partners, (WGP) traded down $0.10 during trading on Friday, reaching $38.06. The company’s stock had a trading volume of 224,976 shares, compared to its average volume of 152,438. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 0.91. The company has a market capitalization of $8,332.59, a price-to-earnings ratio of 22.93 and a beta of 1.55.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 2nd will be paid a $0.5375 dividend. This is an increase from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. This represents a $2.15 annualized dividend and a yield of 5.65%. The ex-dividend date is Wednesday, November 1st. Western Gas Equity Partners,’s dividend payout ratio (DPR) is presently 130.30%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Keybank National Association OH increased its stake in Western Gas Equity Partners, by 70.4% in the 3rd quarter. Keybank National Association OH now owns 15,485 shares of the pipeline company’s stock valued at $638,000 after purchasing an additional 6,400 shares in the last quarter. Heronetta Management L.P. increased its stake in Western Gas Equity Partners, by 32.9% in the 3rd quarter. Heronetta Management L.P. now owns 33,500 shares of the pipeline company’s stock valued at $1,380,000 after purchasing an additional 8,300 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in Western Gas Equity Partners, by 97.3% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 90,723 shares of the pipeline company’s stock valued at $3,736,000 after purchasing an additional 44,751 shares in the last quarter. Conning Inc. increased its stake in Western Gas Equity Partners, by 2.9% in the 3rd quarter. Conning Inc. now owns 75,411 shares of the pipeline company’s stock valued at $3,105,000 after purchasing an additional 2,092 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in Western Gas Equity Partners, in the 3rd quarter valued at approximately $2,878,000. 17.85% of the stock is owned by hedge funds and other institutional investors.

About Western Gas Equity Partners,

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.

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