Diversified Trust Co Has $1.21 Million Position in Western Gas Partners, LP (WES)

Diversified Trust Co lowered its position in Western Gas Partners, LP (NYSE:WES) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,143 shares of the pipeline company’s stock after selling 8,349 shares during the quarter. Diversified Trust Co’s holdings in Western Gas Partners were worth $1,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in WES. Bank of New York Mellon Corp grew its holdings in shares of Western Gas Partners by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 86,636 shares of the pipeline company’s stock valued at $4,846,000 after purchasing an additional 1,017 shares during the period. Comerica Bank boosted its stake in Western Gas Partners by 5.1% during the second quarter. Comerica Bank now owns 6,817 shares of the pipeline company’s stock worth $361,000 after buying an additional 330 shares during the period. Wells Fargo & Company MN boosted its stake in Western Gas Partners by 1.0% during the second quarter. Wells Fargo & Company MN now owns 224,597 shares of the pipeline company’s stock worth $12,564,000 after buying an additional 2,285 shares during the period. Alliancebernstein L.P. boosted its stake in Western Gas Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 15,894 shares of the pipeline company’s stock worth $889,000 after buying an additional 890 shares during the period. Finally, Stephens Inc. AR boosted its stake in Western Gas Partners by 1.6% during the second quarter. Stephens Inc. AR now owns 6,100 shares of the pipeline company’s stock worth $341,000 after buying an additional 96 shares during the period. 61.87% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on WES shares. Stifel Nicolaus raised shares of Western Gas Partners from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of Western Gas Partners from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Credit Suisse Group started coverage on shares of Western Gas Partners in a research note on Thursday, January 4th. They set a “neutral” rating and a $49.00 target price for the company. Morgan Stanley lowered their target price on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Finally, TheStreet lowered shares of Western Gas Partners from a “b-” rating to a “c+” rating in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Western Gas Partners currently has a consensus rating of “Hold” and a consensus price target of $57.33.

Shares of Western Gas Partners, LP (NYSE WES) opened at $52.31 on Friday. The stock has a market cap of $7,980.00, a PE ratio of 39.33, a PEG ratio of 3.88 and a beta of 1.14. Western Gas Partners, LP has a 1 year low of $42.68 and a 1 year high of $67.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91.

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

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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.

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

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