BNP Paribas Arbitrage SA decreased its position in Western Gas Partners, LP (NYSE:WES) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,572 shares of the pipeline company’s stock after selling 485 shares during the period. BNP Paribas Arbitrage SA’s holdings in Western Gas Partners, were worth $368,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WES. Alps Advisors Inc. boosted its holdings in shares of Western Gas Partners, by 16.3% in the second quarter. Alps Advisors Inc. now owns 7,319,167 shares of the pipeline company’s stock valued at $409,434,000 after acquiring an additional 1,024,568 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in Western Gas Partners, by 49.3% during the second quarter. Miller Howard Investments Inc. NY now owns 1,181,379 shares of the pipeline company’s stock worth $66,086,000 after acquiring an additional 390,124 shares during the last quarter. JPMorgan Chase & Co. raised its position in Western Gas Partners, by 28.7% during the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock worth $102,557,000 after acquiring an additional 378,167 shares during the last quarter. Bank of Montreal Can raised its position in Western Gas Partners, by 35.0% during the second quarter. Bank of Montreal Can now owns 832,745 shares of the pipeline company’s stock worth $46,584,000 after acquiring an additional 215,991 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its position in Western Gas Partners, by 1.5% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,044,287 shares of the pipeline company’s stock worth $673,757,000 after acquiring an additional 176,965 shares during the last quarter. 59.37% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on WES shares. Scotiabank set a $61.00 target price on shares of Western Gas Partners, and gave the stock a “hold” rating in a research report on Wednesday, August 16th. BidaskClub lowered shares of Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. TheStreet downgraded shares of Western Gas Partners, from a “b” rating to a “c+” rating in a report on Monday, June 5th. Zacks Investment Research downgraded shares of Western Gas Partners, from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 29th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $60.00 target price on shares of Western Gas Partners, in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $61.18.

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Shares of Western Gas Partners, LP (NYSE:WES) opened at 51.84 on Monday. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 37.06 and a beta of 1.18. Western Gas Partners, LP has a 52-week low of $46.85 and a 52-week high of $67.44. The stock has a 50 day moving average of $50.60 and a 200-day moving average of $55.74.

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

Western Gas Partners, 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 in the United States.

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

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