Investors Asset Management of Georgia Inc. GA ADV Sells 2,000 Shares of Western Midstream Partners, LP (NYSE:WES)

Investors Asset Management of Georgia Inc. GA ADV cut its position in Western Midstream Partners, LP (NYSE:WESFree Report) by 21.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,465 shares of the pipeline company’s stock after selling 2,000 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Western Midstream Partners were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Western Midstream Partners by 6.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 8,345,798 shares of the pipeline company’s stock worth $202,887,000 after acquiring an additional 500,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Western Midstream Partners by 17.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,477,886 shares of the pipeline company’s stock worth $149,163,000 after acquiring an additional 802,257 shares during the last quarter. Clearbridge Investments LLC increased its stake in Western Midstream Partners by 14.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,012,565 shares of the pipeline company’s stock worth $126,417,000 after acquiring an additional 623,000 shares during the last quarter. Morgan Stanley increased its stake in Western Midstream Partners by 2.8% in the 4th quarter. Morgan Stanley now owns 1,789,996 shares of the pipeline company’s stock worth $48,061,000 after acquiring an additional 48,221 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Western Midstream Partners by 26.9% in the 1st quarter. Bank of America Corp DE now owns 1,748,051 shares of the pipeline company’s stock worth $46,096,000 after acquiring an additional 370,555 shares during the last quarter. 42.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WES. Royal Bank of Canada upped their price objective on Western Midstream Partners from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 15th. Bank of America cut Western Midstream Partners from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $30.00 to $27.00 in a report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.08.

View Our Latest Report on Western Midstream Partners

Western Midstream Partners Trading Up 0.6 %

NYSE WES traded up $0.18 on Monday, hitting $28.50. The company’s stock had a trading volume of 1,080,263 shares, compared to its average volume of 1,059,917. Western Midstream Partners, LP has a 52-week low of $23.79 and a 52-week high of $30.20. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.46. The company’s 50-day simple moving average is $28.41 and its 200 day simple moving average is $27.77. The firm has a market cap of $10.82 billion, a P/E ratio of 10.53 and a beta of 2.82.

Western Midstream Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Thursday, February 1st will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 8.07%. The ex-dividend date is Wednesday, January 31st. Western Midstream Partners’s dividend payout ratio is currently 84.87%.

Western Midstream Partners Profile

(Free Report)

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.

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

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