Kayne Anderson Capital Advisors LP Has $176.42 Million Stake in Western Midstream Partners, LP (NYSE:WES)

Kayne Anderson Capital Advisors LP cut its position in Western Midstream Partners, LP (NYSE:WES) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,590,586 shares of the pipeline company’s stock after selling 1,637,862 shares during the quarter. Western Midstream Partners accounts for 4.2% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 10th biggest holding. Kayne Anderson Capital Advisors LP’s holdings in Western Midstream Partners were worth $176,416,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Western Midstream Partners during the fourth quarter worth $51,000. Empowered Funds LLC purchased a new position in Western Midstream Partners during the fourth quarter valued at approximately $53,000. Farther Finance Advisors LLC grew its position in Western Midstream Partners by 287.3% during the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock worth $55,000 after buying an additional 1,066 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of Western Midstream Partners in the 4th quarter worth $58,000. Finally, Avondale Wealth Management purchased a new stake in Western Midstream Partners during the fourth quarter valued at about $77,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Stock Up 0.4 %

Shares of WES opened at $40.65 on Wednesday. The stock has a market capitalization of $15.50 billion, a PE ratio of 10.37, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 1 year low of $33.42 and a 1 year high of $43.33. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50-day simple moving average is $40.49 and its 200-day simple moving average is $39.27.

Western Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 8.61%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is presently 86.85%.

Analyst Upgrades and Downgrades

WES has been the topic of a number of analyst reports. UBS Group decreased their price target on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $41.00 price objective on shares of Western Midstream Partners in a research report on Monday, December 9th. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.43.

Western Midstream Partners Company Profile

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.