Texan Capital Management held its position in shares of Western Gas Partners, LP (NYSE:WES) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,180 shares of the pipeline company’s stock at the end of the second quarter. Texan Capital Management’s holdings in Western Gas Partners, were worth $1,129,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP boosted its stake in Western Gas Partners, by 33.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,806,681 shares of the pipeline company’s stock worth $592,814,000 after buying an additional 2,480,457 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock worth $102,557,000 after buying an additional 378,167 shares during the last quarter. Brookfield Asset Management Inc. boosted its stake in Western Gas Partners, by 79.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 627,908 shares of the pipeline company’s stock worth $36,896,000 after buying an additional 278,000 shares during the last quarter. Bank of Montreal Can boosted its stake in Western Gas Partners, by 35.0% in the second quarter. Bank of Montreal Can now owns 832,745 shares of the pipeline company’s stock worth $46,584,000 after buying an additional 215,991 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Western Gas Partners, by 13.1% in the first quarter. Morgan Stanley now owns 1,448,340 shares of the pipeline company’s stock worth $87,553,000 after buying an additional 167,704 shares during the last quarter. 54.34% of the stock is owned by institutional investors and hedge funds.

Western Gas Partners, LP (WES) opened at 51.15 on Tuesday. The firm has a market capitalization of $7.81 billion, a PE ratio of 36.56 and a beta of 1.19. The stock’s 50 day moving average is $54.46 and its 200-day moving average is $58.56. Western Gas Partners, LP has a one year low of $46.85 and a one year high of $67.44.

Western Gas Partners, (NYSE:WES) last released its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. The business had revenue of $525.45 million during the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, analysts anticipate that Western Gas Partners, LP will post $1.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, July 31st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 6.96%. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, July 27th. Western Gas Partners,’s dividend payout ratio is 256.12%.

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WES has been the subject of a number of research reports. TheStreet upgraded shares of Western Gas Partners, from a “c+” rating to a “b” rating in a report on Wednesday, April 26th. BidaskClub cut shares of Western Gas Partners, from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Macquarie initiated coverage on shares of Western Gas Partners, in a report on Friday, April 21st. They issued an “outperform” rating and a $51.00 price target for the company. Zacks Investment Research upgraded shares of Western Gas Partners, from a “strong sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Scotiabank set a $61.00 price target on shares of Western Gas Partners, and gave the stock a “hold” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $61.18.

About Western Gas Partners,

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 in the United States.

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

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