D.A. Davidson & CO. Grows Holdings in Western Midstream Partners, LP (NYSE:WES)

D.A. Davidson & CO. grew its holdings in shares of Western Midstream Partners, LP (NYSE:WES) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,306 shares of the pipeline company’s stock after buying an additional 3,602 shares during the quarter. D.A. Davidson & CO.’s holdings in Western Midstream Partners were worth $1,856,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Chickasaw Capital Management LLC lifted its stake in 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 worth $259,610,000 after purchasing an additional 99,518 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in 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 worth $238,300,000 after purchasing an additional 1,184,597 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 worth $68,298,000 after purchasing an additional 670,440 shares during the last quarter. Fractal Investments LLC lifted its stake in 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 worth $56,078,000 after purchasing an additional 75,145 shares during the last quarter. Finally, Recurrent Investment Advisors LLC lifted its stake in 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 worth $53,455,000 after purchasing an additional 71,210 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WES has been the topic of several research analyst reports. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. UBS Group cut their target price on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. StockNews.com cut Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 target price on shares of Western Midstream Partners in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.88.

Western Midstream Partners Price Performance

Shares of WES opened at $41.15 on Friday. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 10.50, 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 quick ratio of 1.11 and a current ratio of 1.11. Western Midstream Partners, LP has a one year low of $31.60 and a one year high of $43.33. The stock’s fifty day moving average is $40.36 and its 200-day moving average is $39.17.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is 89.29%.

About Western Midstream Partners

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.