Western Midstream Partners, LP (NYSE:WES) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lessened its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 73,200 shares of the pipeline company’s stock after selling 2,000 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Western Midstream Partners were worth $2,813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WES. Farther Finance Advisors LLC raised its holdings in shares of Western Midstream Partners by 287.3% during the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock valued at $55,000 after acquiring an additional 1,066 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Western Midstream Partners in the 4th quarter valued at $58,000. Avondale Wealth Management acquired a new position in Western Midstream Partners in the 4th quarter valued at $77,000. Cedar Mountain Advisors LLC raised its position in shares of Western Midstream Partners by 16.1% in the third quarter. Cedar Mountain Advisors LLC now owns 2,158 shares of the pipeline company’s stock valued at $83,000 after buying an additional 299 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Western Midstream Partners in the third quarter valued at about $86,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WES shares. Bank of America started coverage on shares of Western Midstream Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $37.00 price objective for the company. StockNews.com cut Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reaffirmed 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. Finally, Morgan Stanley downgraded Western Midstream Partners from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $42.00 to $40.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.88.

Western Midstream Partners Stock Performance

NYSE WES opened at $40.60 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $15.45 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.38 and a beta of 2.88. The stock has a 50-day moving average of $40.08 and a two-hundred day moving average of $39.12. Western Midstream Partners, LP has a 1-year low of $27.84 and a 1-year high of $43.33.

Western Midstream Partners (NYSE:WES) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.09). The business had revenue of $883.36 million during the quarter, compared to analyst estimates of $924.83 million. Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. As a group, analysts anticipate that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 8.62%. Western Midstream Partners’s payout ratio is 89.29%.

Western Midstream Partners Profile

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.