2,934 Shares in Western Midstream Partners, LP (NYSE:WES) Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new position in Western Midstream Partners, LP (NYSE:WES) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,934 shares of the pipeline company’s stock, valued at approximately $113,000.

Several other institutional investors also recently added to or reduced their stakes in WES. Chickasaw Capital Management LLC increased its position in Western Midstream Partners by 1.5% during the 4th quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company’s stock valued at $259,610,000 after purchasing an additional 99,518 shares during the period. Kayne Anderson Capital Advisors LP increased its position in Western Midstream Partners by 23.5% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 6,228,448 shares of the pipeline company’s stock valued at $238,300,000 after purchasing an additional 1,184,597 shares during the period. JPMorgan Chase & Co. increased its position in Western Midstream Partners by 60.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock valued at $68,298,000 after purchasing an additional 670,440 shares during the period. Fractal Investments LLC increased its position in Western Midstream Partners by 5.4% during the 3rd quarter. Fractal Investments LLC now owns 1,465,706 shares of the pipeline company’s stock valued at $56,078,000 after purchasing an additional 75,145 shares during the period. Finally, Recurrent Investment Advisors LLC increased its position in Western Midstream Partners by 5.4% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,397,140 shares of the pipeline company’s stock valued at $53,455,000 after purchasing an additional 71,210 shares during the period. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

WES has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. UBS Group cut their target price 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. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, StockNews.com cut shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Western Midstream Partners presently has a consensus rating of “Hold” and an average target price of $37.88.

Western Midstream Partners Stock Down 1.2 %

WES stock opened at $41.15 on Friday. The firm has a 50 day moving average of $40.36 and a 200 day moving average of $39.17. The stock has a market capitalization of $15.66 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. Western Midstream Partners, LP has a 52 week low of $31.60 and a 52 week high of $43.33.

Western Midstream Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is presently 89.29%.

Western Midstream Partners 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.