Terril Brothers Inc. Has $14.24 Million Holdings in Western Midstream Partners, LP $WES

Terril Brothers Inc. lifted its position in shares of Western Midstream Partners, LP (NYSE:WES) by 0.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 367,936 shares of the pipeline company’s stock after acquiring an additional 600 shares during the period. Western Midstream Partners accounts for about 5.4% of Terril Brothers Inc.’s investment portfolio, making the stock its 8th biggest holding. Terril Brothers Inc.’s holdings in Western Midstream Partners were worth $14,239,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. lifted its position in Western Midstream Partners by 7.6% during the first quarter. Alps Advisors Inc. now owns 33,824,487 shares of the pipeline company’s stock valued at $1,385,451,000 after buying an additional 2,400,891 shares during the period. Invesco Ltd. increased its stake in shares of Western Midstream Partners by 7.1% in the 1st quarter. Invesco Ltd. now owns 24,417,770 shares of the pipeline company’s stock worth $1,000,152,000 after acquiring an additional 1,608,609 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Western Midstream Partners by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,988 shares of the pipeline company’s stock valued at $354,672,000 after acquiring an additional 149,833 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Western Midstream Partners by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,428,847 shares of the pipeline company’s stock worth $304,286,000 after acquiring an additional 155,661 shares in the last quarter. Finally, Chickasaw Capital Management LLC grew its holdings in Western Midstream Partners by 1.1% in the second quarter. Chickasaw Capital Management LLC now owns 6,794,472 shares of the pipeline company’s stock worth $262,946,000 after purchasing an additional 72,459 shares during the period. Institutional investors own 84.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WES. Royal Bank Of Canada boosted their price target on Western Midstream Partners from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 26th. Citigroup started coverage on Western Midstream Partners in a report on Monday, October 20th. They set a “neutral” rating and a $39.00 price target for the company. Morgan Stanley dropped their price target on shares of 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 lifted their target price on shares of Western Midstream Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.00.

Western Midstream Partners Stock Performance

Shares of WES opened at $38.48 on Friday. The business has a fifty day moving average of $38.44 and a 200 day moving average of $38.56. The firm has a market capitalization of $14.67 billion, a P/E ratio of 11.84 and a beta of 1.12. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.30 and a quick ratio of 1.30.

Western Midstream Partners (NYSE:WES) last issued its quarterly earnings data on Wednesday, August 6th. The pipeline company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Western Midstream Partners had a net margin of 34.45% and a return on equity of 37.70%. The firm 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 business earned $0.97 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.91 per share. The ex-dividend date is Friday, October 31st. This represents a $3.64 annualized dividend and a yield of 9.5%. Western Midstream Partners’s 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.