Catalyst Capital Advisors LLC Has $13.58 Million Stock Position in Western Midstream Partners, LP (NYSE:WES)

Catalyst Capital Advisors LLC increased its position in shares of Western Midstream Partners, LP (NYSE:WES) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 353,344 shares of the pipeline company’s stock after purchasing an additional 19,079 shares during the period. Catalyst Capital Advisors LLC’s holdings in Western Midstream Partners were worth $13,579,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kayne Anderson Capital Advisors LP increased its position in Western Midstream Partners by 23.5% in 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 acquiring an additional 1,184,597 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in Western Midstream Partners by 6,986.8% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company’s stock valued at $27,114,000 after acquiring an additional 698,683 shares in the last quarter. JPMorgan Chase & Co. increased its position in Western Midstream Partners by 60.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock valued at $68,298,000 after acquiring an additional 670,440 shares in the last quarter. ING Groep NV increased its position in Western Midstream Partners by 81.0% in the 3rd quarter. ING Groep NV now owns 746,587 shares of the pipeline company’s stock valued at $28,564,000 after acquiring an additional 334,187 shares in the last quarter. Finally, Citigroup Inc. increased its position in Western Midstream Partners by 322.1% in the 3rd quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company’s stock valued at $15,556,000 after acquiring an additional 310,260 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

WES has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $41.00 price objective on shares of Western Midstream Partners in a research report on Monday, December 9th. StockNews.com cut shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. UBS Group lowered their price target on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Morgan Stanley cut shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $42.00 to $40.00 in a research report on Friday, October 25th. Finally, US Capital Advisors upgraded shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Western Midstream Partners currently has a consensus rating of “Hold” and an average target price of $37.88.

Western Midstream Partners Stock Up 0.2 %

Western Midstream Partners stock opened at $40.57 on Monday. The company’s 50 day simple moving average is $40.18 and its 200 day simple moving average is $39.08. Western Midstream Partners, LP has a fifty-two week low of $28.07 and a fifty-two week high of $43.33. The firm has a market capitalization of $15.44 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.36 and a beta of 2.88. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11.

Western Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 8.63%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s payout ratio is 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.