Center Coast Capital Advisors LP lifted its position in shares of Western Gas Equity Partners, LP (NYSE:WGP) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 864,477 shares of the pipeline company’s stock after acquiring an additional 41,270 shares during the quarter. Western Gas Equity Partners, makes up 0.9% of Center Coast Capital Advisors LP’s investment portfolio, making the stock its 20th largest position. Center Coast Capital Advisors LP owned approximately 0.39% of Western Gas Equity Partners, worth $35,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Linscomb & Williams Inc. lifted its holdings in Western Gas Equity Partners, by 0.4% during the 2nd quarter. Linscomb & Williams Inc. now owns 10,325 shares of the pipeline company’s stock worth $444,000 after purchasing an additional 45 shares in the last quarter. Signature Financial Management Inc. lifted its holdings in Western Gas Equity Partners, by 0.7% during the 2nd quarter. Signature Financial Management Inc. now owns 7,600 shares of the pipeline company’s stock worth $327,000 after purchasing an additional 50 shares in the last quarter. Keybank National Association OH lifted its holdings in Western Gas Equity Partners, by 5.1% during the 2nd quarter. Keybank National Association OH now owns 9,085 shares of the pipeline company’s stock worth $391,000 after purchasing an additional 440 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Western Gas Equity Partners, by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,598 shares of the pipeline company’s stock worth $284,000 after purchasing an additional 452 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Western Gas Equity Partners, by 1.5% during the 2nd quarter. California Public Employees Retirement System now owns 34,300 shares of the pipeline company’s stock worth $1,476,000 after purchasing an additional 500 shares in the last quarter. 17.77% of the stock is currently owned by institutional investors and hedge funds.

Western Gas Equity Partners, LP (WGP) traded down $0.92 during trading hours on Tuesday, hitting $36.27. The company’s stock had a trading volume of 119,100 shares, compared to its average volume of 157,411. Western Gas Equity Partners, LP has a 1 year low of $36.11 and a 1 year high of $47.82. The stock has a market cap of $8,142.12, a PE ratio of 22.40 and a beta of 1.55. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84.

Western Gas Equity Partners, (NYSE:WGP) last released its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Western Gas Equity Partners, had a return on equity of 8.99% and a net margin of 16.96%. The firm had revenue of $574.70 million for the quarter, compared to analysts’ expectations of $530.80 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. equities analysts expect that Western Gas Equity Partners, LP will post 1.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 2nd will be issued a $0.5375 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $2.15 annualized dividend and a dividend yield of 5.93%. This is a boost from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. Western Gas Equity Partners,’s dividend payout ratio (DPR) is presently 130.30%.

A number of analysts recently issued reports on WGP shares. Zacks Investment Research cut Western Gas Equity Partners, from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub cut Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. 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. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 price objective on shares of Western Gas Equity Partners, in a report on Monday, August 21st. Finally, Seaport Global Securities started coverage on Western Gas Equity Partners, in a report on Tuesday, October 10th. They set a “buy” rating and a $49.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $49.67.

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Western Gas Equity Partners, Profile

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.

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

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