SG Americas Securities LLC trimmed its stake in shares of Western Gas Partners, LP (NYSE:WES) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,539 shares of the pipeline company’s stock after selling 10,555 shares during the quarter. SG Americas Securities LLC’s holdings in Western Gas Partners were worth $1,901,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Linscomb & Williams Inc. grew its stake in Western Gas Partners by 2.5% during the 2nd quarter. Linscomb & Williams Inc. now owns 9,886 shares of the pipeline company’s stock worth $553,000 after purchasing an additional 241 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Western Gas Partners by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,954 shares of the pipeline company’s stock worth $221,000 after purchasing an additional 265 shares in the last quarter. Alliancebernstein L.P. grew its stake in Western Gas Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 15,894 shares of the pipeline company’s stock worth $889,000 after purchasing an additional 890 shares in the last quarter. Stephens Inc. AR grew its stake in Western Gas Partners by 20.5% during the 3rd quarter. Stephens Inc. AR now owns 7,350 shares of the pipeline company’s stock worth $377,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Commonwealth Equity Services Inc grew its stake in Western Gas Partners by 32.0% during the 3rd quarter. Commonwealth Equity Services Inc now owns 6,422 shares of the pipeline company’s stock worth $329,000 after purchasing an additional 1,556 shares in the last quarter. 62.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Western Gas Partners, LP (NYSE WES) opened at $50.31 on Wednesday. The stock has a market capitalization of $7,680.00, a PE ratio of 37.83, a price-to-earnings-growth ratio of 3.68 and a beta of 1.09. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Western Gas Partners, LP has a fifty-two week low of $42.68 and a fifty-two week high of $67.44.
Several research analysts recently commented on WES shares. Scotiabank reissued a “hold” rating and set a $61.00 target price on shares of Western Gas Partners in a research note on Wednesday, October 25th. Barclays decreased their price target on Western Gas Partners from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Morgan Stanley decreased their price target on Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Seaport Global Securities began coverage on Western Gas Partners in a report on Tuesday, October 10th. They set a “buy” rating and a $64.00 price target for the company. Finally, TheStreet downgraded Western Gas Partners from a “b-” rating to a “c+” rating in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.08.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://sportsperspectives.com/2018/02/07/sg-americas-securities-llc-has-1-90-million-position-in-western-gas-partners-lp-wes.html.
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.
Want to see what other hedge funds are holding WES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Gas Partners, LP (NYSE:WES).
Receive News & Ratings for Western Gas Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Partners and related companies with MarketBeat.com's FREE daily email newsletter.