Miller Howard Investments Inc. NY Acquires 390,124 Shares of Western Gas Partners, LP (WES)

Miller Howard Investments Inc. NY increased its position in Western Gas Partners, LP (NYSE:WES) by 49.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,181,379 shares of the pipeline company’s stock after buying an additional 390,124 shares during the period. Miller Howard Investments Inc. NY owned 0.83% of Western Gas Partners, worth $66,086,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP raised 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 worth $592,814,000 after buying an additional 2,480,457 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 worth $102,557,000 after buying an additional 378,167 shares during the last quarter. Brookfield Asset Management Inc. raised its position in Western Gas Partners, by 79.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 627,908 shares of the pipeline company’s stock worth $36,896,000 after buying an additional 278,000 shares during the last quarter. Bank of Montreal Can raised its position in Western Gas Partners, by 35.0% in the second quarter. Bank of Montreal Can now owns 832,745 shares of the pipeline company’s stock worth $46,584,000 after buying an additional 215,991 shares during the last quarter. Finally, Morgan Stanley increased its stake 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 worth $87,553,000 after buying an additional 167,704 shares during the period. 54.34% of the stock is owned by hedge funds and other institutional investors.

Western Gas Partners, LP (NYSE:WES) opened at 49.52 on Friday. The company has a 50-day moving average of $53.90 and a 200-day moving average of $58.08. Western Gas Partners, LP has a one year low of $46.85 and a one year high of $67.44. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 35.40 and a beta of 1.19.

Western Gas Partners, (NYSE:WES) last announced its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $525.45 million during the quarter, compared to analyst estimates of $488.21 million. During the same quarter last year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities analysts forecast that Western Gas Partners, LP will post $1.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, July 31st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, July 27th. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a yield of 7.19%. Western Gas Partners,’s payout ratio is presently 256.12%.

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A number of equities research analysts recently issued reports on the company. TheStreet upgraded Western Gas Partners, from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, July 25th. Guggenheim initiated coverage on Western Gas Partners, in a research report on Monday, April 17th. They set a “buy” rating and a $68.00 price target on the stock. Citigroup Inc. raised their price target on Western Gas Partners, from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $60.00 price target on shares of Western Gas Partners, in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus 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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