Western Gas Partners, LP (NYSE:WES) Position Cut by Rockefeller Financial Services Inc.

Rockefeller Financial Services Inc. decreased its stake in Western Gas Partners, LP (NYSE:WES) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,381 shares of the pipeline company’s stock after selling 200 shares during the period. Rockefeller Financial Services Inc.’s holdings in Western Gas Partners, were worth $2,314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP raised its position in Western Gas Partners, by 33.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,806,681 shares of the pipeline company’s stock valued at $592,814,000 after buying an additional 2,480,457 shares during the last quarter. JPMorgan Chase & Co. raised its position in Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock valued at $102,557,000 after buying an additional 378,167 shares during the last quarter. Brookfield Asset Management Inc. raised its position in Western Gas Partners, by 79.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 627,908 shares of the pipeline company’s stock valued at $36,896,000 after buying an additional 278,000 shares during the last quarter. Bank of Montreal Can raised its position in Western Gas Partners, by 35.0% in the second quarter. Bank of Montreal Can now owns 832,745 shares of the pipeline company’s stock valued at $46,584,000 after buying an additional 215,991 shares during the last quarter. Finally, Morgan Stanley raised its position in Western Gas Partners, by 13.1% in the first quarter. Morgan Stanley now owns 1,448,340 shares of the pipeline company’s stock valued at $87,553,000 after buying an additional 167,704 shares during the last quarter. 54.34% of the stock is currently owned by institutional investors and hedge funds.

Western Gas Partners, LP (NYSE WES) traded up 0.20% during mid-day trading on Friday, hitting $49.52. 269,209 shares of the stock were exchanged. Western Gas Partners, LP has a 1-year low of $46.85 and a 1-year high of $67.44. The company has a market capitalization of $7.56 billion, a PE ratio of 35.40 and a beta of 1.19. The stock has a 50 day moving average price of $53.90 and a 200 day moving average price of $58.08.

Western Gas Partners, (NYSE:WES) last posted its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $525.45 million for the quarter, compared to the consensus estimate of $488.21 million. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. Western Gas Partners,’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities analysts anticipate that Western Gas Partners, LP will post $1.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, July 31st were issued a $0.89 dividend. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date was Thursday, July 27th. Western Gas Partners,’s dividend payout ratio (DPR) is currently 256.12%.

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WES has been the topic of several recent analyst reports. TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. BidaskClub lowered shares of Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Macquarie began coverage on shares of Western Gas Partners, in a research note on Friday, April 21st. They set an “outperform” rating and a $51.00 price objective on the stock. Zacks Investment Research raised shares of Western Gas Partners, from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target on shares of Western Gas Partners, in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Western Gas Partners, presently has an average rating of “Hold” and a consensus target price of $61.18.

About Western Gas Partners,

Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States.

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

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