Western Gas Partners, LP (NYSE:WES) declared a quarterly dividend on Wednesday, October 19th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.845 per share on Thursday, November 10th. This represents a $3.38 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Thursday, October 27th. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.83.

Shares of Western Gas Partners, (NYSE:WES) traded up 1.62% during trading on Wednesday, hitting $58.92. 326,407 shares of the stock traded hands. The stock has a 50 day moving average price of $52.25 and a 200-day moving average price of $49.81. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 348.64 and a beta of 0.96. Western Gas Partners, has a 1-year low of $25.40 and a 1-year high of $59.16.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The company had revenue of $428.70 million for the quarter, compared to analyst estimates of $438.63 million. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. Equities analysts forecast that Western Gas Partners, will post $1.89 EPS for the current year.

Dividend History for Western Gas Partners, (NYSE:WES)

In other news, Director James R. Crane sold 57,064 shares of Western Gas Partners, stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $50.00, for a total transaction of $2,853,200.00. Following the sale, the director now directly owns 293,341 shares in the company, valued at approximately $14,667,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Crane sold 129,914 shares of Western Gas Partners, stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $50.86, for a total value of $6,607,426.04. Following the sale, the director now owns 174,577 shares in the company, valued at $8,878,986.22. The disclosure for this sale can be found here.

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth about $1,523,000. Silvercrest Asset Management Group LLC boosted its stake in shares of Western Gas Partners, by 6.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 166,576 shares of the company’s stock worth $8,396,000 after buying an additional 10,369 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Western Gas Partners, during the second quarter worth about $2,273,000. Clinton Group Inc. boosted its stake in shares of Western Gas Partners, by 90.7% in the second quarter. Clinton Group Inc. now owns 51,160 shares of the company’s stock worth $2,578,000 after buying an additional 24,326 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Western Gas Partners, by 1.6% in the second quarter. Van ECK Associates Corp now owns 24,320 shares of the company’s stock worth $1,226,000 after buying an additional 373 shares in the last quarter.

Several brokerages have recently commented on WES. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Western Gas Partners, in a research report on Thursday, July 28th. Deutsche Bank AG reissued a “buy” rating and issued a $56.00 price target on shares of Western Gas Partners, in a research report on Thursday, October 6th. Zacks Investment Research raised shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research report on Tuesday, July 26th. Royal Bank Of Canada lifted their price target on shares of Western Gas Partners, from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Tuesday, October 11th. Finally, Janney Montgomery Scott initiated coverage on shares of Western Gas Partners, in a research report on Friday, July 29th. They issued a “buy” rating and a $60.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.75.

Western Gas Partners, Company Profile

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 for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.

5 Day Chart for NYSE:WES

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