SeaCrest Wealth Management LLC Invests $26,000 in Western Midstream Partners, LP (NYSE:WES)

SeaCrest Wealth Management LLC purchased a new position in Western Midstream Partners, LP (NYSE:WESGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,073 shares of the pipeline company’s stock, valued at approximately $26,000.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of Western Midstream Partners in the first quarter worth $33,000. Edge Capital Group LLC bought a new position in Western Midstream Partners in the second quarter valued at $59,000. Northwestern Mutual Wealth Management Co. increased its stake in Western Midstream Partners by 246.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,593 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 1,845 shares during the last quarter. US Bancorp DE increased its stake in Western Midstream Partners by 42.2% in the second quarter. US Bancorp DE now owns 7,266 shares of the pipeline company’s stock valued at $176,000 after acquiring an additional 2,156 shares during the last quarter. Finally, Trek Financial LLC bought a new position in Western Midstream Partners in the first quarter valued at $215,000. Institutional investors own 92.76% of the company’s stock.

Western Midstream Partners Stock Performance

NYSE WES opened at $26.51 on Thursday. The company has a 50-day simple moving average of $26.93 and a two-hundred day simple moving average of $26.62. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.34. Western Midstream Partners, LP has a 12-month low of $18.95 and a 12-month high of $29.50. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 9.71 and a beta of 2.89.

Western Midstream Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 31st were given a dividend of $0.50 per share. The ex-dividend date was Friday, October 28th. This represents a $2.00 annualized dividend and a yield of 7.54%. Western Midstream Partners’s payout ratio is 73.26%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WES shares. StockNews.com started coverage on Western Midstream Partners in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Wolfe Research started coverage on Western Midstream Partners in a research note on Monday, August 1st. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Western Midstream Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

About Western Midstream Partners

(Get Rating)

Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates 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.

See Also

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

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