17,828 Shares in Western Midstream Partners, LP $WES Acquired by Diversified Trust Co.

Diversified Trust Co. purchased a new stake in shares of Western Midstream Partners, LP (NYSE:WES) in the fourth quarter, Holdings Channel.com reports. The fund purchased 17,828 shares of the pipeline company’s stock, valued at approximately $704,000.

Several other institutional investors have also recently bought and sold shares of the business. Alps Advisors Inc. boosted its stake in Western Midstream Partners by 0.3% in the third quarter. Alps Advisors Inc. now owns 34,774,726 shares of the pipeline company’s stock worth $1,366,299,000 after purchasing an additional 98,819 shares in the last quarter. Invesco Ltd. increased its stake in shares of Western Midstream Partners by 0.3% in the third quarter. Invesco Ltd. now owns 24,292,437 shares of the pipeline company’s stock valued at $954,450,000 after buying an additional 81,183 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Western Midstream Partners in the third quarter valued at $300,257,000. Bank of America Corp DE raised its holdings in shares of Western Midstream Partners by 31.2% in the third quarter. Bank of America Corp DE now owns 1,872,394 shares of the pipeline company’s stock valued at $73,566,000 after buying an additional 445,663 shares during the last quarter. Finally, Miller Howard Investments Inc. NY raised its holdings in shares of Western Midstream Partners by 0.8% in the third quarter. Miller Howard Investments Inc. NY now owns 1,480,497 shares of the pipeline company’s stock valued at $58,169,000 after buying an additional 11,218 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

Western Midstream Partners Trading Down 2.4%

NYSE WES opened at $41.71 on Friday. Western Midstream Partners, LP has a 12 month low of $33.60 and a 12 month high of $44.74. The stock has a 50-day simple moving average of $41.51 and a 200 day simple moving average of $39.88. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $16.42 billion, a PE ratio of 13.90 and a beta of 0.76.

Western Midstream Partners (NYSE:WES) last issued its earnings results on Wednesday, February 18th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.44). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. Western Midstream Partners had a return on equity of 33.14% and a net margin of 30.52%.Western Midstream Partners’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Research analysts forecast that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Monday, February 2nd. Western Midstream Partners’s dividend payout ratio (DPR) is currently 121.33%.

Insider Activity at Western Midstream Partners

In related news, SVP Christopher B. Dial sold 5,879 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $42.35, for a total transaction of $248,975.65. Following the completion of the transaction, the senior vice president owned 185,011 shares in the company, valued at approximately $7,835,215.85. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert G. Phillips acquired 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $40.19 per share, with a total value of $50,237.50. Following the acquisition, the director owned 5,296 shares of the company’s stock, valued at approximately $212,846.24. This trade represents a 30.89% increase in their position. The SEC filing for this purchase provides additional information. 0.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WES has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Western Midstream Partners from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Royal Bank Of Canada boosted their target price on shares of Western Midstream Partners from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Friday, November 28th. Stifel Nicolaus reduced their target price on shares of Western Midstream Partners from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Wall Street Zen cut shares of Western Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Western Midstream Partners from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.71.

Western Midstream Partners Company Profile

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.