Securian Asset Management Inc has acquired a new position in the shares of Western Gas Partners, LP (NYSE: WES) in the third quarter, according to its latest disclosure to the Securities and Exchange Commission (SEC). Fund purchased 26,700 shares of stock pipeline company, worth about $ 1,166,000.
Several other institutional investors have recently made a change in their position in the stock. BlackRock Inc. It raised its position in the stock of western partners of gas by 6.7% in the 1st quarter. BlackRock Inc. now owns 714.390 shares of the pipeline in the amount of $ 30,483,000 after purchase additional 44.608 shares in the last quarter. Guggenheim Capital LLC raised its stake in the shares of Western Gas Partners to 157.9% in the 1st quarter. Guggenheim Capital LLC now owns 89.239 shares of the pipeline in the amount of $ 3.808 million following the acquisition of additional 54.643 shares during the period. Allianz Asset Management GmbH raised its stake in the stock of western partners of gas by 71.9% in the 1st quarter. Allianz Asset Management GmbH now owns 32.970 shares of the pipeline in the amount of $ 1.407 million following the acquisition of additional 13.785 shares during the period. Suntrust Banks Inc. I bought a new stake in the shares of Western Gas Partners in the 1st quarter of about $ 575,000. And finally, the Spirit of America Management Corp NY raised its stake in the shares of Western Gas Partners by 1.7% in the 2nd quarter. Spirit of America Management Corp NY now owns 436.669 shares of the company's pipeline in the amount of $ 21.13 million after the purchase of additional 7,500 shares during the period. 63.75% of the shares owned by investment companies and hedge funds.
NYSE: WES traded to $ 0.50 in midday trading on Wednesday, hitting $ 43.96. The company had about & # 39; trading volume of 373.121 shares, compared to its average of & # 39 volume 627.013. The company has a debt to capital ratio of 1.25, quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $ 6950000000, PE ratio 33.82 and beta of 1.28. Western Gas Partners, LP has a 52-week low of $ 38.35 and 52-week high of $ 54.40 as well.
Western Gas Partners (NYSE: WES) last issued its quarterly earnings results on 30 Tuesday, October. the pipeline company was $ 0.39 per share for the quarter, missing the consensus forecast of $ 0.67 ($ 0.28). Business had revenue of $ 507.76 million for the quarter, compared with a consensus forecast of $ 472.96 million dollars. Western Gas Partners had a return on equity of 12.78% and net profit by 24.11%. S revenues for the quarter decreased by 11.6% compared to the same year basis. During the same period the previous year, the company earned $ 0.38 per share. On average, which sells side analysts predict that Western Gas Partners, LP will post 1,22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend paid on November 13, Tuesday. Shareholders of record on Wednesday, October 31 has been paid $ 0,965 dividend. The ex-dividend date is Tuesday, October 30. This increase over the previous quarterly dividend Western Gas Partners in the amount of $ 0.95. This represents an annualized dividend of $ 3.86 and a yield of 8.78%. payout ratio Western Gas Partners currently stands at 296.92%.
A number of research firms recently commented on WES. Barclays raised its price target on shares of Western Gas Partners from $ 49.00 to $ 50.00 and gave the stock "equal weight" rating in the report on the 29th Wednesday, August. Stifel Nicolaus raised its price target on shares of Western Gas Partners from $ 63.00 to $ 64.00 and gave the stock a "buy" rating in a report on Thursday, August 2nd. Zacks Investment Research lifted shares of Western Gas Partners with a "hold" rating to "buy" rating and set a target price of $ 57.00 for the shares in a report on Thursday, July 26th. ValuEngine lifted shares of Western Gas Partners from "sell" rating to a "hold" rating in a report on Tuesday 2 October. Finally, Credit Suisse Group initiated coverage on shares of Western Gas Partners in a report on 11-Thursday, October. They established a "neutral" rating and a $ 45.00 price target on the stock. One analyst estimated the investment share with sales ranking, six formalized content rating and eight conferred buy rating on the stock. Western Gas Partners currently has an average rating of «Hold» and goal consensus price of $ 53.36.
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Profile Western Gas Partners Company
Western Gas Partners, LP acquires, develops, owns and operates a midstream energy assets in the Rocky Mountains of North-central Pennsylvania and Texas. It is involved in the collection, processing, compression processing and transportation of natural gas, condensate, natural gas and crude oil liquids. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.
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