Western Gas Partners, LP (WES) Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. decreased its stake in Western Gas Partners, LP (NYSE:WES) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,075 shares of the pipeline company’s stock after selling 3,650 shares during the period. Shikiar Asset Management Inc.’s holdings in Western Gas Partners were worth $821,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of Western Gas Partners by 5.6% in the 2nd quarter. California Public Employees Retirement System now owns 154,500 shares of the pipeline company’s stock worth $8,643,000 after buying an additional 8,200 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Western Gas Partners by 58.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 182,800 shares of the pipeline company’s stock worth $9,374,000 after buying an additional 67,200 shares during the last quarter. Cincinnati Insurance Co. increased its holdings in shares of Western Gas Partners by 28.9% in the 3rd quarter. Cincinnati Insurance Co. now owns 56,828 shares of the pipeline company’s stock worth $2,914,000 after buying an additional 12,726 shares during the last quarter. Magnetar Financial LLC increased its holdings in shares of Western Gas Partners by 49.0% in the 3rd quarter. Magnetar Financial LLC now owns 1,691,700 shares of the pipeline company’s stock worth $86,750,000 after buying an additional 556,180 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Western Gas Partners by 116.6% in the 3rd quarter. Evergreen Capital Management LLC now owns 228,774 shares of the pipeline company’s stock worth $11,732,000 after buying an additional 123,175 shares during the last quarter. 62.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Western Gas Partners from a “hold” rating to a “sell” rating in a report on Thursday. Barclays lowered shares of Western Gas Partners from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $62.00 to $54.00 in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “buy” rating and issued a $61.00 price target on shares of Western Gas Partners in a report on Tuesday, January 16th. Bank of America began coverage on shares of Western Gas Partners in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Finally, Credit Suisse Group began coverage on shares of Western Gas Partners in a research note on Thursday, January 4th. They issued a “neutral” rating and a $49.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.33.

Shares of Western Gas Partners, LP (WES) traded up $0.04 on Friday, reaching $53.47. 251,667 shares of the company’s stock traded hands, compared to its average volume of 585,438. The stock has a market cap of $8,170.31, a PE ratio of 43.44, a P/E/G ratio of 3.94 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. Western Gas Partners, LP has a fifty-two week low of $42.68 and a fifty-two week high of $67.44.

Western Gas Partners (NYSE:WES) last announced its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.16). The firm had revenue of $574.70 million for the quarter, compared to analysts’ expectations of $536.01 million. Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. analysts predict that Western Gas Partners, LP will post 1.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.92 per share. The ex-dividend date is Wednesday, January 31st. This represents a $3.68 annualized dividend and a yield of 6.88%. This is a boost from Western Gas Partners’s previous quarterly dividend of $0.91. Western Gas Partners’s dividend payout ratio is presently 294.31%.

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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.

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

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