Tower Research Capital LLC TRC Sells 8,365 Shares of Western Gas Partners, LP (WES)

Tower Research Capital LLC TRC cut its holdings in shares of Western Gas Partners, LP (NYSE:WES) by 72.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,191 shares of the pipeline company’s stock after selling 8,365 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Western Gas Partners were worth $154,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Tortoise Capital Advisors L.L.C. increased its holdings in Western Gas Partners by 9.5% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 14,962,223 shares of the pipeline company’s stock worth $724,022,000 after purchasing an additional 1,296,811 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Western Gas Partners by 2.3% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 9,257,583 shares of the pipeline company’s stock worth $447,957,000 after purchasing an additional 204,420 shares during the last quarter. Alps Advisors Inc. increased its holdings in Western Gas Partners by 5.9% during the 2nd quarter. Alps Advisors Inc. now owns 8,329,599 shares of the pipeline company’s stock worth $400,570,000 after purchasing an additional 465,075 shares during the last quarter. Brookfield Asset Management Inc. increased its holdings in shares of Western Gas Partners by 6,484.5% in the 1st quarter. Brookfield Asset Management Inc. now owns 4,313,506 shares of the pipeline company’s stock valued at $184,057,000 after acquiring an additional 4,247,996 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of Western Gas Partners by 3.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 3,654,295 shares of the pipeline company’s stock valued at $176,831,000 after acquiring an additional 131,701 shares during the last quarter. Institutional investors own 59.79% of the company’s stock.

WES has been the subject of a number of research analyst reports. Barclays boosted their price target on Western Gas Partners from $45.00 to $49.00 and gave the company a “hold” rating in a report on Tuesday, June 12th. Zacks Investment Research upgraded Western Gas Partners from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, July 26th. ValuEngine upgraded Western Gas Partners from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Citigroup boosted their price target on Western Gas Partners from $53.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Stifel Nicolaus boosted their price target on Western Gas Partners from $63.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $53.79.

Shares of NYSE WES opened at $45.80 on Monday. Western Gas Partners, LP has a twelve month low of $40.44 and a twelve month high of $54.40. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.67 billion, a PE ratio of 35.23, a PEG ratio of 3.98 and a beta of 1.30.

Western Gas Partners (NYSE:WES) last released its quarterly earnings data on Tuesday, July 31st. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Western Gas Partners had a return on equity of 12.18% and a net margin of 22.80%. The business had revenue of $435.95 million during the quarter. On average, equities analysts forecast that Western Gas Partners, LP will post 1.83 EPS for the current year.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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Institutional Ownership by Quarter for Western Gas Partners (NYSE:WES)

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