Spirit of America Management Corp NY held its stake in Western Gas Equity Partners L.P. (NYSE:WGP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,573 shares of the company’s stock at the end of the third quarter. Spirit of America Management Corp NY owned 0.05% of Western Gas Equity Partners L.P. worth $4,783,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WGP. Acrospire Investment Management LLC boosted its stake in Western Gas Equity Partners L.P. by 52.6% in the second quarter. Acrospire Investment Management LLC now owns 2,900 shares of the company’s stock valued at $111,000 after buying an additional 1,000 shares during the last quarter. US Bancorp DE boosted its stake in shares of Western Gas Equity Partners L.P. by 5.6% in the second quarter. US Bancorp DE now owns 3,167 shares of the company’s stock valued at $121,000 after buying an additional 167 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Western Gas Equity Partners L.P. during the second quarter valued at approximately $161,000. Sterling Capital Management LLC acquired a new stake in shares of Western Gas Equity Partners L.P. during the second quarter valued at approximately $229,000. Finally, Jane Street Group LLC acquired a new stake in shares of Western Gas Equity Partners L.P. during the second quarter valued at approximately $245,000. Hedge funds and other institutional investors own 18.98% of the company’s stock.

Institutional Ownership by Quarter for Western Gas Equity Partners L.P. (NYSE:WGP)

Shares of Western Gas Equity Partners L.P. (NYSE:WGP) traded up 4.07% during mid-day trading on Wednesday, hitting $42.94. 293,701 shares of the stock were exchanged. The stock’s 50 day moving average price is $43.21 and its 200-day moving average price is $40.00. The stock has a market capitalization of $9.40 billion, a P/E ratio of 42.73 and a beta of 1.63. Western Gas Equity Partners L.P. has a 12-month low of $19.21 and a 12-month high of $46.38.

The firm also recently disclosed a dividend, which was paid on Tuesday, November 22nd. Investors of record on Monday, October 31st were issued a $0.447 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This is a positive change from Western Gas Equity Partners L.P.’s previous dividend of $0.43. Western Gas Equity Partners L.P.’s dividend payout ratio (DPR) is 177.23%.

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Several brokerages have recently commented on WGP. Zacks Investment Research cut shares of Western Gas Equity Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. RBC Capital Markets reiterated an “outperform” rating and set a $48.00 price target (up previously from $44.00) on shares of Western Gas Equity Partners L.P. in a research report on Wednesday, October 12th. Barclays PLC reiterated a “buy” rating and set a $52.00 price target on shares of Western Gas Equity Partners L.P. in a research report on Tuesday, November 8th. Credit Suisse Group AG reiterated a “hold” rating and set a $43.00 price target on shares of Western Gas Equity Partners L.P. in a research report on Tuesday, November 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Western Gas Equity Partners L.P. from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.00.

Western Gas Equity Partners L.P. Company Profile

Western Gas Equity Partners, LP (WGP) is a limited partnership formed in to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES owns, operates, acquires and develops midstream energy assets. Through its subsidiary WES, 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).

5 Day Chart for NYSE:WGP

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