First Trust Advisors LP decreased its stake in shares of Western Gas Partners, LP (NYSE:WES) by 20.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,902 shares of the pipeline company’s stock after selling 35,824 shares during the period. First Trust Advisors LP owned about 0.10% of Western Gas Partners, worth $7,994,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WES. Hirtle Callaghan & Co LLC acquired a new position in Western Gas Partners, during the first quarter valued at approximately $121,000. Chicago Partners Investment Group LLC increased its position in Western Gas Partners, by 60.2% in the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock valued at $139,000 after buying an additional 900 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Western Gas Partners, during the first quarter valued at approximately $181,000. Suntrust Banks Inc. acquired a new position in Western Gas Partners, during the first quarter valued at approximately $201,000. Finally, Signature Financial Management Inc. acquired a new position in Western Gas Partners, during the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 55.32% of the company’s stock.

Western Gas Partners, LP (WES) opened at 50.24 on Monday. The stock has a market capitalization of $7.67 billion, a P/E ratio of 35.91 and a beta of 1.19. Western Gas Partners, LP has a 52 week low of $46.85 and a 52 week high of $67.44. The company has a 50 day moving average of $52.34 and a 200 day moving average of $57.11.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data 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 company had revenue of $525.45 million for the quarter, compared to analyst estimates of $488.21 million. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. Equities analysts expect that Western Gas Partners, LP will post $1.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, July 31st were paid a dividend of $0.89 per share. The ex-dividend date was Thursday, July 27th. This represents a $3.56 dividend on an annualized basis and a yield of 7.09%. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. Western Gas Partners,’s payout ratio is 256.12%.

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Several research analysts have commented on WES shares. BidaskClub downgraded shares of Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Scotiabank set a $61.00 price target on shares of Western Gas Partners, and gave the stock a “hold” rating in a research note on Tuesday, July 11th. TheStreet downgraded shares of Western Gas Partners, from a “b” rating to a “c+” rating in a research note on Monday, June 5th. Zacks Investment Research raised shares of Western Gas Partners, from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $60.00 price target on shares of Western Gas Partners, in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Western Gas Partners, currently has a consensus rating of “Hold” and a consensus 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.

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

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