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309,144 Shares in Western Gas Partners, LP (WES) Acquired by First Republic Investment Management Inc.

First Republic Investment Management Inc. bought a new position in shares of Western Gas Partners, LP (NYSE:WES) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 309,144 shares of the pipeline company’s stock, valued at approximately $14,959,000. First Republic Investment Management Inc. owned approximately 0.20% of Western Gas Partners as of its most recent SEC filing.

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A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Western Gas Partners in the first quarter valued at $427,000. Stephens Inc. AR lifted its stake in shares of Western Gas Partners by 15.0% in the first quarter. Stephens Inc. AR now owns 9,105 shares of the pipeline company’s stock valued at $389,000 after buying an additional 1,187 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in shares of Western Gas Partners by 2.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,053,163 shares of the pipeline company’s stock valued at $386,282,000 after buying an additional 173,749 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Western Gas Partners in the first quarter valued at $1,700,000. Finally, BlackRock Inc. lifted its stake in shares of Western Gas Partners by 6.7% in the first quarter. BlackRock Inc. now owns 714,390 shares of the pipeline company’s stock valued at $30,483,000 after buying an additional 44,608 shares in the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.

NYSE WES opened at $49.89 on Monday. Western Gas Partners, LP has a 52-week low of $40.44 and a 52-week high of $54.40. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $7.61 billion, a P/E ratio of 38.38, a P/E/G ratio of 4.55 and a beta of 1.28.

Western Gas Partners (NYSE:WES) last posted its quarterly earnings data on Tuesday, July 31st. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Western Gas Partners had a net margin of 22.80% and a return on equity of 12.18%. The business had revenue of $435.95 million during the quarter. equities research analysts anticipate that Western Gas Partners, LP will post 1.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Wednesday, August 1st were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend was Tuesday, July 31st. This is an increase from Western Gas Partners’s previous quarterly dividend of $0.94. Western Gas Partners’s dividend payout ratio (DPR) is 292.31%.

WES has been the topic of a number of recent research reports. TheStreet raised shares of Western Gas Partners from a “c+” rating to a “b-” rating in a research note on Wednesday, May 23rd. Bank of America increased their target price on shares of Western Gas Partners from $47.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, June 5th. Barclays increased their target price on shares of Western Gas Partners from $45.00 to $49.00 and gave the company a “hold” rating in a report on Tuesday, June 12th. Zacks Investment Research upgraded shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Thursday, July 26th. Finally, ValuEngine upgraded shares of Western Gas Partners from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $54.85.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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