Western Midstream Partners, LP $WES Shares Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. increased its holdings in shares of Western Midstream Partners, LP (NYSE:WES) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575,809 shares of the pipeline company’s stock after buying an additional 36,438 shares during the period. Western Midstream Partners comprises approximately 0.7% of Texas Yale Capital Corp.’s investment portfolio, making the stock its 13th largest holding. Texas Yale Capital Corp.’s holdings in Western Midstream Partners were worth $22,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in Western Midstream Partners by 86.1% during the third quarter. Jones Financial Companies Lllp now owns 908 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 420 shares in the last quarter. MTM Investment Management LLC purchased a new position in Western Midstream Partners in the 2nd quarter valued at about $39,000. Allworth Financial LP purchased a new stake in Western Midstream Partners during the 2nd quarter worth approximately $43,000. Mather Group LLC. acquired a new position in shares of Western Midstream Partners during the third quarter valued at approximately $49,000. Finally, Global Retirement Partners LLC lifted its position in shares of Western Midstream Partners by 39.0% in the third quarter. Global Retirement Partners LLC now owns 1,850 shares of the pipeline company’s stock valued at $73,000 after acquiring an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WES shares. Wall Street Zen cut Western Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Citigroup assumed coverage on Western Midstream Partners in a research note on Monday, October 20th. They set a “neutral” rating and a $39.00 target price for the company. Stifel Nicolaus set a $43.00 price target on shares of Western Midstream Partners in a research report on Thursday, November 6th. Wells Fargo & Company decreased their price objective on shares of Western Midstream Partners from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of Western Midstream Partners from $39.00 to $42.00 and gave the company a “sector perform” rating in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.33.

Insider Activity at Western Midstream Partners

In related news, SVP Christopher B. Dial sold 5,879 shares of Western Midstream Partners stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $42.35, for a total value of $248,975.65. Following the completion of the transaction, the senior vice president directly owned 185,011 shares in the company, valued at approximately $7,835,215.85. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Western Midstream Partners Trading Up 2.6%

NYSE WES opened at $43.46 on Monday. The firm has a 50 day simple moving average of $40.43 and a 200-day simple moving average of $39.26. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.43 and a current ratio of 1.43. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.65. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 12.86 and a beta of 0.77.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $0.91 dividend. The ex-dividend date was Monday, February 2nd. This represents a $3.64 annualized dividend and a dividend yield of 8.4%. Western Midstream Partners’s payout ratio is 107.69%.

Western Midstream Partners Company Profile

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.