Curated Wealth Partners LLC Takes Position in Western Midstream Partners, LP (NYSE:WES)

Curated Wealth Partners LLC acquired a new stake in Western Midstream Partners, LP (NYSE:WES) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,400 shares of the pipeline company’s stock, valued at approximately $246,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Western Midstream Partners in the second quarter worth $74,000. Daymark Wealth Partners LLC bought a new stake in shares of Western Midstream Partners during the 2nd quarter valued at about $1,244,000. Duff & Phelps Investment Management Co. purchased a new position in shares of Western Midstream Partners during the second quarter worth about $397,000. Truist Financial Corp increased its position in shares of Western Midstream Partners by 1.9% in the second quarter. Truist Financial Corp now owns 22,508 shares of the pipeline company’s stock worth $894,000 after purchasing an additional 421 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Western Midstream Partners in the second quarter valued at approximately $694,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Western Midstream Partners Stock Down 0.1 %

Shares of Western Midstream Partners stock opened at $42.39 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. Western Midstream Partners, LP has a 52-week low of $27.84 and a 52-week high of $43.33. The company’s 50 day moving average price is $39.67 and its 200-day moving average price is $39.15. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.41 and a beta of 2.90.

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

Western Midstream Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 8.26%. The ex-dividend date is Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is currently 89.29%.

Analyst Ratings Changes

WES has been the topic of a number of research analyst reports. Morgan Stanley lowered shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $42.00 to $40.00 in a report on Friday, October 25th. StockNews.com downgraded Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Bank of America started coverage on Western Midstream Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $37.00 price objective for the company. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group reduced their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.88.

Western Midstream Partners Company Profile

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.