Aire Advisors LLC Purchases New Position in Western Midstream Partners, LP (NYSE:WES)

Aire Advisors LLC purchased a new stake in Western Midstream Partners, LP (NYSE:WES) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,145 shares of the pipeline company’s stock, valued at approximately $467,000.

Other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in shares of Western Midstream Partners by 555.6% in the 4th quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 1,000 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Western Midstream Partners during the fourth quarter worth $51,000. Empowered Funds LLC acquired a new stake in shares of Western Midstream Partners in the fourth quarter valued at $53,000. Kieckhefer Group LLC bought a new position in shares of Western Midstream Partners in the fourth quarter valued at about $58,000. Finally, Farther Finance Advisors LLC lifted its position in Western Midstream Partners by 34.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company’s stock worth $74,000 after buying an additional 498 shares in the last quarter. 84.82% of the stock is owned by institutional investors.

Western Midstream Partners Stock Performance

Shares of WES stock opened at $41.36 on Tuesday. The stock has a 50-day moving average of $40.82 and a 200-day moving average of $39.48. Western Midstream Partners, LP has a one year low of $33.64 and a one year high of $43.33. The stock has a market cap of $15.77 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.40 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 8.46%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is 86.85%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research note on Monday, December 9th. Finally, StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Western Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $38.43.

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.