Zimmer Partners LP Grows Position in Western Gas Equity Partners LP (WGP)

Zimmer Partners LP lifted its position in Western Gas Equity Partners LP (NYSE:WGP) by 24.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,739,678 shares of the pipeline company’s stock after acquiring an additional 345,146 shares during the period. Zimmer Partners LP owned 0.79% of Western Gas Equity Partners worth $48,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the business. Berman Capital Advisors LLC boosted its holdings in Western Gas Equity Partners by 12.4% in the fourth quarter. Berman Capital Advisors LLC now owns 10,425 shares of the pipeline company’s stock valued at $289,000 after purchasing an additional 1,150 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Western Gas Equity Partners by 140.2% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,176 shares of the pipeline company’s stock worth $60,000 after acquiring an additional 1,270 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Western Gas Equity Partners by 6.7% during the 4th quarter. Alps Advisors Inc. now owns 57,553 shares of the pipeline company’s stock worth $1,596,000 after acquiring an additional 3,622 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Western Gas Equity Partners by 2.6% during the 4th quarter. Cohen & Steers Inc. now owns 165,285 shares of the pipeline company’s stock worth $4,583,000 after acquiring an additional 4,143 shares in the last quarter. Finally, Heronetta Management L.P. boosted its stake in shares of Western Gas Equity Partners by 20.2% during the 3rd quarter. Heronetta Management L.P. now owns 34,500 shares of the pipeline company’s stock worth $1,033,000 after acquiring an additional 5,800 shares in the last quarter. 21.63% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on WGP. TheStreet raised shares of Western Gas Equity Partners from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Zacks Investment Research lowered shares of Western Gas Equity Partners from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 19th. Finally, Capital One Financial raised shares of Western Gas Equity Partners from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $38.25.

Western Gas Equity Partners stock traded up $0.05 during midday trading on Wednesday, reaching $32.39. The company had a trading volume of 1,178,707 shares, compared to its average volume of 323,261. The firm has a market capitalization of $6.95 billion, a PE ratio of 16.82 and a beta of 1.54. Western Gas Equity Partners LP has a 12-month low of $25.89 and a 12-month high of $38.62. The company has a current ratio of 0.63, a quick ratio of 0.71 and a debt-to-equity ratio of 1.37.

Western Gas Equity Partners (NYSE:WGP) last released its quarterly earnings data on Thursday, February 14th. The pipeline company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. The company had revenue of $557.79 million during the quarter, compared to the consensus estimate of $549.84 million. Western Gas Equity Partners had a net margin of 19.06% and a return on equity of 11.72%. Western Gas Equity Partners’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Friday, February 1st were issued a $0.6025 dividend. This is an increase from Western Gas Equity Partners’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $2.41 dividend on an annualized basis and a yield of 7.44%.

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Western Gas Equity Partners Company Profile

Western Gas Equity Partners, LP, together with its subsidiaries, engages in the gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.

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

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