Apollon Wealth Management LLC Has $987,000 Stake in Western Midstream Partners, LP (NYSE:WES)

Apollon Wealth Management LLC boosted its stake in Western Midstream Partners, LP (NYSE:WES) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,691 shares of the pipeline company’s stock after purchasing an additional 295 shares during the period. Apollon Wealth Management LLC’s holdings in Western Midstream Partners were worth $987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in Western Midstream Partners by 287.3% in the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 1,066 shares during the period. Kieckhefer Group LLC acquired a new stake in Western Midstream Partners during the 4th quarter worth about $58,000. Avondale Wealth Management acquired a new stake in Western Midstream Partners during the 4th quarter worth about $77,000. Cedar Mountain Advisors LLC grew its holdings in Western Midstream Partners by 16.1% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 2,158 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 299 shares during the period. Finally, Millburn Ridgefield Corp acquired a new stake in Western Midstream Partners during the 3rd quarter worth about $86,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WES shares. Bank of America started coverage on Western Midstream Partners in a report on Thursday, October 17th. They set an “underperform” rating and a $37.00 price target for the company. UBS Group decreased their price target on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a report on Monday, December 9th. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com downgraded Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.88.

Western Midstream Partners Stock Down 1.1 %

Western Midstream Partners stock opened at $40.12 on Wednesday. Western Midstream Partners, LP has a 1-year low of $27.89 and a 1-year high of $43.33. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 1.36 and a beta of 2.88. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The firm has a 50 day simple moving average of $40.17 and a 200 day simple moving average of $39.09.

Western Midstream Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.875 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.72%. Western Midstream Partners’s dividend payout ratio (DPR) is currently 89.29%.

Western Midstream Partners 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.