Americana Partners LLC Has $6.36 Million Holdings in Western Midstream Partners, LP $WES

Americana Partners LLC increased its position in shares of Western Midstream Partners, LP (NYSE:WES) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,047 shares of the pipeline company’s stock after buying an additional 13,406 shares during the period. Americana Partners LLC’s holdings in Western Midstream Partners were worth $6,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WES. Geode Capital Management LLC boosted its position in Western Midstream Partners by 6.4% during the second quarter. Geode Capital Management LLC now owns 8,525 shares of the pipeline company’s stock worth $330,000 after purchasing an additional 512 shares during the period. Creative Planning boosted its position in Western Midstream Partners by 17.0% during the second quarter. Creative Planning now owns 6,878 shares of the pipeline company’s stock worth $266,000 after purchasing an additional 999 shares during the period. Guggenheim Capital LLC boosted its position in Western Midstream Partners by 6.0% during the second quarter. Guggenheim Capital LLC now owns 23,029 shares of the pipeline company’s stock worth $891,000 after purchasing an additional 1,298 shares during the period. Cerity Partners LLC boosted its position in Western Midstream Partners by 39.1% during the second quarter. Cerity Partners LLC now owns 25,003 shares of the pipeline company’s stock worth $968,000 after purchasing an additional 7,032 shares during the period. Finally, NewEdge Advisors LLC bought a new position in Western Midstream Partners during the second quarter worth $2,172,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Western Midstream Partners news, Director Robert G. Phillips bought 1,250 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of $40.19 per share, with a total value of $50,237.50. Following the transaction, the director directly owned 5,296 shares in the company, valued at $212,846.24. This trade represents a 30.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Western Midstream Partners Price Performance

Shares of WES opened at $46.25 on Friday. Western Midstream Partners, LP has a 12-month low of $36.90 and a 12-month high of $48.01. The business’s fifty day moving average is $42.28 and its 200 day moving average is $40.98. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.34. The stock has a market cap of $18.21 billion, a P/E ratio of 15.11 and a beta of 0.70.

Western Midstream Partners (NYSE:WES) last issued its earnings results on Wednesday, May 6th. The pipeline company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Western Midstream Partners had a return on equity of 33.89% and a net margin of 29.98%.Western Midstream Partners’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. Sell-side analysts anticipate that Western Midstream Partners, LP will post 3.4 earnings per share for the current fiscal year.

Western Midstream Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $3.72 annualized dividend and a dividend yield of 8.0%. This is a boost from Western Midstream Partners’s previous quarterly dividend of $0.91. Western Midstream Partners’s payout ratio is 121.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group boosted their target price on shares of Western Midstream Partners from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Western Midstream Partners from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Stifel Nicolaus set a $46.00 target price on shares of Western Midstream Partners and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company boosted their target price on shares of Western Midstream Partners from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Western Midstream Partners has an average rating of “Hold” and an average target price of $43.25.

About Western Midstream Partners

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.