Quantum Financial Planning Services Inc. Makes New $310,000 Investment in Western Midstream Partners, LP $WES

Quantum Financial Planning Services Inc. acquired a new position in shares of Western Midstream Partners, LP (NYSE:WES) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,000 shares of the pipeline company’s stock, valued at approximately $310,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC increased its stake in Western Midstream Partners by 1,856.4% during the first quarter. Financial Network Wealth Advisors LLC now owns 763 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 724 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Western Midstream Partners during the second quarter worth approximately $39,000. Bessemer Group Inc. bought a new stake in Western Midstream Partners during the first quarter worth approximately $41,000. Ameritas Advisory Services LLC bought a new stake in Western Midstream Partners during the second quarter worth approximately $49,000. Finally, Iron Horse Wealth Management LLC bought a new position in shares of Western Midstream Partners during the second quarter valued at approximately $58,000. 84.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Western Midstream Partners from $38.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 26th. Morgan Stanley cut their target price on Western Midstream Partners from $41.00 to $39.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 26th. Finally, Mizuho upped their target price on Western Midstream Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $39.60.

Western Midstream Partners Stock Down 2.6%

Shares of NYSE:WES opened at $37.32 on Friday. Western Midstream Partners, LP has a 52-week low of $33.60 and a 52-week high of $43.33. The stock has a market cap of $14.23 billion, a P/E ratio of 11.48 and a beta of 1.12. The business’s 50 day moving average is $38.57 and its 200 day moving average is $38.56. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.08.

Western Midstream Partners (NYSE:WES) last announced its quarterly earnings data on Wednesday, August 6th. The pipeline company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. Western Midstream Partners had a return on equity of 37.70% and a net margin of 34.45%.The company had revenue of $942.32 million for the quarter, compared to analysts’ expectations of $954.17 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Western Midstream Partners’s revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $3.64 annualized dividend and a yield of 9.8%. Western Midstream Partners’s dividend payout ratio is 112.00%.

About Western Midstream Partners

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.