Osaic Holdings Inc. Has $2.23 Million Stock Holdings in Western Midstream Partners, LP $WES

Osaic Holdings Inc. boosted its position in shares of Western Midstream Partners, LP (NYSE:WES) by 39.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,692 shares of the pipeline company’s stock after purchasing an additional 16,416 shares during the quarter. Osaic Holdings Inc.’s holdings in Western Midstream Partners were worth $2,233,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Western Midstream Partners in the 1st quarter valued at $292,000. Northern Trust Corp grew its stake in Western Midstream Partners by 2,725.4% in the first quarter. Northern Trust Corp now owns 367,330 shares of the pipeline company’s stock valued at $15,046,000 after acquiring an additional 354,329 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Western Midstream Partners by 3.8% in the first quarter. Kestra Advisory Services LLC now owns 47,655 shares of the pipeline company’s stock worth $1,952,000 after acquiring an additional 1,756 shares in the last quarter. Jump Financial LLC raised its position in shares of Western Midstream Partners by 6.3% during the first quarter. Jump Financial LLC now owns 19,583 shares of the pipeline company’s stock worth $802,000 after purchasing an additional 1,165 shares during the period. Finally, Ieq Capital LLC raised its position in shares of Western Midstream Partners by 1.2% during the first quarter. Ieq Capital LLC now owns 34,485 shares of the pipeline company’s stock worth $1,412,000 after purchasing an additional 415 shares during the period. Institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WES shares. Royal Bank Of Canada increased their target price on Western Midstream Partners from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Friday, November 28th. Wells Fargo & Company raised their price objective on shares of Western Midstream Partners from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Wall Street Zen cut shares of Western Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup assumed coverage on Western Midstream Partners in a report on Monday, October 20th. They set a “neutral” rating and a $39.00 target price for the company. Finally, Stifel Nicolaus set a $43.00 price target on Western Midstream Partners in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.50.

Western Midstream Partners Trading Down 1.0%

Shares of NYSE:WES opened at $39.15 on Friday. The company’s 50-day moving average price is $38.91 and its two-hundred day moving average price is $38.85. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $15.97 billion, a PE ratio of 11.58 and a beta of 0.76.

Western Midstream Partners (NYSE:WES) last released its earnings results on Tuesday, November 4th. The pipeline company reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87. Western Midstream Partners had a return on equity of 39.37% and a net margin of 35.18%.The business had revenue of $952.48 million for the quarter, compared to the consensus estimate of $965.55 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. Western Midstream Partners’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Western Midstream Partners, LP will post 4.02 EPS for the current fiscal year.

Western Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, October 31st. Western Midstream Partners’s dividend payout ratio is presently 107.69%.

Western Midstream Partners Profile

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.