1,500 Shares in Western Midstream Partners, LP (NYSE:WES) Bought by Kieckhefer Group LLC

Kieckhefer Group LLC bought a new position in Western Midstream Partners, LP (NYSE:WES) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,500 shares of the pipeline company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Western Midstream Partners by 20.5% during the second quarter. Commonwealth Equity Services LLC now owns 12,120 shares of the pipeline company’s stock worth $482,000 after purchasing an additional 2,065 shares during the last quarter. Choreo LLC acquired a new stake in Western Midstream Partners during the second quarter worth about $384,000. Westover Capital Advisors LLC acquired a new position in Western Midstream Partners in the second quarter valued at approximately $306,000. Pekin Hardy Strauss Inc. purchased a new stake in Western Midstream Partners in the 2nd quarter worth approximately $1,812,000. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Western Midstream Partners during the 2nd quarter worth approximately $212,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

WES has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Western Midstream Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $37.00 price target on the stock. UBS Group cut their price target on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Morgan Stanley lowered Western Midstream Partners from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $42.00 to $40.00 in a report on Friday, October 25th. StockNews.com lowered Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.88.

Western Midstream Partners Price Performance

WES stock traded up $0.46 during mid-day trading on Monday, reaching $40.16. The company’s stock had a trading volume of 366,216 shares, compared to its average volume of 882,664. The stock has a market cap of $15.28 billion, a PE ratio of 10.24, a P/E/G ratio of 1.08 and a beta of 2.90. The company’s 50 day moving average is $38.78 and its two-hundred day moving average is $39.06. Western Midstream Partners, LP has a fifty-two week low of $27.49 and a fifty-two week high of $42.80. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners (NYSE:WES) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.09). Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The company had revenue of $883.36 million during the quarter, compared to analysts’ expectations of $924.83 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts expect that Western Midstream Partners, LP will post 4.03 EPS for the current year.

Western Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a $0.875 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.72%. Western Midstream Partners’s payout ratio is presently 89.29%.

About Western Midstream Partners

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.