Marshall Wace North America L.P. bought a new stake in Western Gas Equity Partners, LP (NYSE:WGP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 110,175 shares of the pipeline company’s stock, valued at approximately $4,738,000. Marshall Wace North America L.P. owned 0.05% of Western Gas Equity Partners, as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Western Gas Equity Partners, by 78.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,420 shares of the pipeline company’s stock valued at $158,000 after buying an additional 1,505 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Western Gas Equity Partners, by 10.8% in the second quarter. Proficio Capital Partners LLC now owns 5,342 shares of the pipeline company’s stock valued at $226,000 after buying an additional 519 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Western Gas Equity Partners, by 11.1% in the second quarter. Wetherby Asset Management Inc. now owns 6,000 shares of the pipeline company’s stock valued at $258,000 after buying an additional 600 shares during the last quarter. Level Four Advisory Services LLC boosted its position in Western Gas Equity Partners, by 9.8% in the first quarter. Level Four Advisory Services LLC now owns 6,986 shares of the pipeline company’s stock valued at $325,000 after buying an additional 622 shares during the last quarter. Finally, Signature Financial Management Inc. boosted its position in Western Gas Equity Partners, by 0.7% in the second quarter. Signature Financial Management Inc. now owns 7,600 shares of the pipeline company’s stock valued at $327,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 17.81% of the company’s stock.

Western Gas Equity Partners, LP (NYSE:WGP) opened at 39.67 on Thursday. The stock has a 50 day moving average price of $41.29 and a 200-day moving average price of $43.74. Western Gas Equity Partners, LP has a 12-month low of $35.81 and a 12-month high of $47.82. The stock has a market capitalization of $8.69 billion, a PE ratio of 24.40 and a beta of 1.56.

Western Gas Equity Partners, (NYSE:WGP) last posted its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. Western Gas Equity Partners, had a net margin of 17.50% and a return on equity of 8.78%. The business had revenue of $525.50 million during the quarter, compared to analysts’ expectations of $505.77 million. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, equities analysts anticipate that Western Gas Equity Partners, LP will post $1.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, July 31st were paid a $0.5275 dividend. This is a boost from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, July 27th. This represents a $2.11 annualized dividend and a dividend yield of 5.32%. Western Gas Equity Partners,’s dividend payout ratio is 129.45%.

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A number of equities analysts have recently issued reports on the company. Scotiabank set a $51.00 price objective on Western Gas Equity Partners, and gave the stock a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded Western Gas Equity Partners, from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a report on Thursday, July 13th. BidaskClub upgraded Western Gas Equity Partners, from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Deutsche Bank AG upgraded Western Gas Equity Partners, from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $54.00 in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Western Gas Equity Partners, has a consensus rating of “Buy” and an average price target of $50.56.

About Western Gas Equity Partners,

Western Gas Equity Partners, LP is a limited partnership. The Company is formed to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES is an master limited partnership (MLP) engaged in the business of gathering, compressing, treating, processing and transporting natural gas, and gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil.

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

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