Western Midstream Partners, LP (NYSE:WES) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its stake in Western Midstream Partners, LP (NYSE:WES) by 35.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,425 shares of the pipeline company’s stock after selling 2,920 shares during the period. Stratos Wealth Partners LTD.’s holdings in Western Midstream Partners were worth $222,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its stake in shares of Western Midstream Partners by 4.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,833 shares of the pipeline company’s stock valued at $263,000 after acquiring an additional 306 shares in the last quarter. Virtus ETF Advisers LLC grew its stake in shares of Western Midstream Partners by 7.3% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,564 shares of the pipeline company’s stock valued at $175,000 after acquiring an additional 311 shares in the last quarter. RE Dickinson Investment Advisors LLC grew its stake in shares of Western Midstream Partners by 21.8% during the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,168 shares of the pipeline company’s stock valued at $83,000 after acquiring an additional 388 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Western Midstream Partners by 133.3% during the first quarter. Princeton Global Asset Management LLC now owns 700 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Western Midstream Partners by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company’s stock valued at $74,000 after acquiring an additional 498 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Mizuho lowered their target price on Western Midstream Partners from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.83.

Western Midstream Partners Stock Up 0.2%

NYSE:WES opened at $40.18 on Thursday. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 11.99 and a beta of 1.08. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.33. The stock has a 50-day simple moving average of $38.60 and a 200 day simple moving average of $39.29. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.18 and a current ratio of 1.18.

Western Midstream Partners (NYSE:WES) last posted its quarterly earnings results on Wednesday, May 7th. The pipeline company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.04). The firm had revenue of $917.12 million during the quarter, compared to analyst estimates of $926.55 million. Western Midstream Partners had a return on equity of 38.52% and a net margin of 35.79%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.47 earnings per share. Sell-side analysts predict that Western Midstream Partners, LP will post 4.02 EPS for the current fiscal year.

Western Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, May 2nd were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 9.06%. This is an increase from Western Midstream Partners’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, May 2nd. Western Midstream Partners’s dividend payout ratio (DPR) is 108.66%.

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.