Western Gas Partners, LP (WES) Position Held by New Capital Management LP

New Capital Management LP held its position in Western Gas Partners, LP (NYSE:WES) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,735 shares of the pipeline company’s stock at the end of the second quarter. New Capital Management LP’s holdings in Western Gas Partners, were worth $105,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Linscomb & Williams Inc. increased its position in Western Gas Partners, by 0.4% in the first quarter. Linscomb & Williams Inc. now owns 9,645 shares of the pipeline company’s stock worth $583,000 after buying an additional 35 shares during the period. Sei Investments Co. increased its position in Western Gas Partners, by 0.6% in the first quarter. Sei Investments Co. now owns 18,100 shares of the pipeline company’s stock worth $1,094,000 after buying an additional 100 shares during the period. Keybank National Association OH increased its position in Western Gas Partners, by 6.1% in the first quarter. Keybank National Association OH now owns 4,795 shares of the pipeline company’s stock valued at $290,000 after buying an additional 275 shares during the last quarter. TIAA CREF Trust Co. FSB MO increased its position in Western Gas Partners, by 1.4% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 23,304 shares of the pipeline company’s stock valued at $1,409,000 after buying an additional 332 shares during the last quarter. Finally, Sigma Planning Corp increased its position in Western Gas Partners, by 11.6% in the first quarter. Sigma Planning Corp now owns 5,682 shares of the pipeline company’s stock valued at $343,000 after buying an additional 589 shares during the last quarter. 54.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Western Gas Partners, LP (NYSE WES) traded up 0.20% during trading on Friday, reaching $49.52. 269,209 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $53.90 and its 200-day moving average price is $58.08. The stock has a market cap of $7.56 billion, a PE ratio of 35.40 and a beta of 1.19. Western Gas Partners, LP has a 52-week low of $46.85 and a 52-week high of $67.44.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, July 31st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, July 27th. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 7.19%. Western Gas Partners,’s dividend payout ratio is 256.12%.

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A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Western Gas Partners, from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Citigroup Inc. upped their price target on shares of Western Gas Partners, from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Macquarie assumed coverage on shares of Western Gas Partners, in a report on Friday, April 21st. They set an “outperform” rating and a $51.00 price target for the company. Guggenheim started coverage on shares of Western Gas Partners, in a report on Monday, April 17th. They set a “buy” rating and a $68.00 price target for the company. Finally, TheStreet upgraded shares of Western Gas Partners, from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Western Gas Partners, has a consensus 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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