Municipal Employees Retirement System of Michigan Has $3.03 Million Position in Western Gas Partners, LP (WES)

Municipal Employees Retirement System of Michigan lowered its stake in Western Gas Partners, LP (NYSE:WES) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,100 shares of the pipeline company’s stock after selling 540 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Western Gas Partners, were worth $3,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP boosted its position in Western Gas Partners, by 33.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,806,681 shares of the pipeline company’s stock valued at $592,814,000 after buying an additional 2,480,457 shares in the last quarter. Chickasaw Capital Management LLC raised its position in shares of Western Gas Partners, by 0.9% in the first quarter. Chickasaw Capital Management LLC now owns 2,662,650 shares of the pipeline company’s stock valued at $160,957,000 after buying an additional 23,385 shares during the last quarter. Center Coast Capital Advisors LP raised its position in shares of Western Gas Partners, by 1.6% in the first quarter. Center Coast Capital Advisors LP now owns 2,444,096 shares of the pipeline company’s stock valued at $147,746,000 after buying an additional 38,458 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock valued at $102,557,000 after buying an additional 378,167 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Western Gas Partners, by 13.1% in the first quarter. Morgan Stanley now owns 1,448,340 shares of the pipeline company’s stock valued at $87,553,000 after buying an additional 167,704 shares during the last quarter. 55.32% of the stock is owned by hedge funds and other institutional investors.

Western Gas Partners, LP (WES) opened at 48.86 on Friday. Western Gas Partners, LP has a 52 week low of $46.85 and a 52 week high of $67.44. The stock has a market cap of $7.46 billion, a P/E ratio of 34.92 and a beta of 1.19. The stock has a 50 day moving average of $53.17 and a 200-day moving average of $57.60.

Western Gas Partners, (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.04. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The business had revenue of $525.45 million for the quarter, compared to analyst estimates of $488.21 million. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Analysts forecast that Western Gas Partners, LP will post $1.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, July 31st were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 7.29%. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.88. Western Gas Partners,’s dividend payout ratio (DPR) is currently 256.12%.

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Several research firms have recently commented on WES. BidaskClub lowered shares of Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Scotiabank set a $61.00 price target on shares of Western Gas Partners, and gave the company a “hold” rating in a research report on Tuesday, July 11th. TheStreet lowered shares of Western Gas Partners, from a “b” rating to a “c+” rating in a research report on Monday, June 5th. Zacks Investment Research lowered shares of Western Gas Partners, from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Finally, Macquarie assumed coverage on shares of Western Gas Partners, in a research report on Friday, April 21st. They issued an “outperform” rating and a $51.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Western Gas Partners, has an average rating of “Hold” and a consensus price target of $61.18.

Western Gas Partners, Company 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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