Advisory Research Inc. cut its stake in Western Gas Equity Partners LP (NYSE:WGP) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,318,551 shares of the pipeline company’s stock after selling 16,210 shares during the period. Advisory Research Inc.’s holdings in Western Gas Equity Partners were worth $48,997,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Neuberger Berman Group LLC boosted its holdings in Western Gas Equity Partners by 3.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 11,536,740 shares of the pipeline company’s stock valued at $475,083,000 after purchasing an additional 343,660 shares during the period. Chickasaw Capital Management LLC boosted its holdings in Western Gas Equity Partners by 5.3% in the 4th quarter. Chickasaw Capital Management LLC now owns 5,350,896 shares of the pipeline company’s stock valued at $198,839,000 after purchasing an additional 268,815 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Western Gas Equity Partners by 1.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 867,019 shares of the pipeline company’s stock valued at $35,704,000 after purchasing an additional 13,337 shares during the period. Center Coast Capital Advisors LP boosted its holdings in Western Gas Equity Partners by 5.0% in the 3rd quarter. Center Coast Capital Advisors LP now owns 864,477 shares of the pipeline company’s stock valued at $35,599,000 after purchasing an additional 41,270 shares during the period. Finally, RR Advisors LLC boosted its holdings in Western Gas Equity Partners by 5.3% in the 3rd quarter. RR Advisors LLC now owns 657,000 shares of the pipeline company’s stock valued at $27,035,000 after purchasing an additional 33,000 shares during the period. 18.40% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on WGP. Bank of America began coverage on shares of Western Gas Equity Partners in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. Scotiabank reissued a “buy” rating and issued a $49.00 price target on shares of Western Gas Equity Partners in a report on Monday, January 29th. Zacks Investment Research cut shares of Western Gas Equity Partners from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. UBS Group upgraded shares of Western Gas Equity Partners from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, January 3rd. Finally, Barclays cut shares of Western Gas Equity Partners from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $51.00 to $45.00 in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.58.

Western Gas Equity Partners LP (NYSE:WGP) opened at $39.90 on Wednesday. Western Gas Equity Partners LP has a one year low of $33.92 and a one year high of $47.82. The stock has a market cap of $8,740.00, a price-to-earnings ratio of 24.18 and a beta of 1.46. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st will be paid a $0.5488 dividend. This is a boost from Western Gas Equity Partners’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.50%. Western Gas Equity Partners’s dividend payout ratio is currently 132.73%.

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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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