NBW Capital LLC Grows Stake in Western Midstream Partners, LP (NYSE:WES)

NBW Capital LLC raised its holdings in shares of Western Midstream Partners, LP (NYSE:WES) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,855 shares of the pipeline company’s stock after buying an additional 14,870 shares during the period. Western Midstream Partners comprises approximately 2.1% of NBW Capital LLC’s investment portfolio, making the stock its 12th biggest position. NBW Capital LLC’s holdings in Western Midstream Partners were worth $11,600,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

WES has been the subject of several recent analyst reports. UBS Group dropped their target price on 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. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. StockNews.com lowered Western Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 price target on shares of Western Midstream Partners in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.43.

Western Midstream Partners Stock Performance

Shares of NYSE:WES opened at $39.44 on Tuesday. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 52 week low of $33.39 and a 52 week high of $43.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The firm has a 50 day moving average of $40.52 and a 200 day moving average of $39.24.

Western Midstream Partners Announces Dividend

The firm also recently disclosed 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 8.87%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is 86.85%.

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.