Dividend Assets Capital LLC Has $3.16 Million Holdings in Western Gas Equity Partners LP (WGP)

Dividend Assets Capital LLC lowered its stake in Western Gas Equity Partners LP (NYSE:WGP) by 39.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,833 shares of the pipeline company’s stock after selling 72,855 shares during the period. Dividend Assets Capital LLC’s holdings in Western Gas Equity Partners were worth $3,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can raised its position in Western Gas Equity Partners by 18.9% in the 3rd quarter. Bank of Montreal Can now owns 315,100 shares of the pipeline company’s stock valued at $9,434,000 after purchasing an additional 50,054 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Western Gas Equity Partners in the 3rd quarter valued at about $1,087,000. JPMorgan Chase & Co. raised its position in Western Gas Equity Partners by 69.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 897,590 shares of the pipeline company’s stock valued at $26,874,000 after purchasing an additional 369,412 shares in the last quarter. Heronetta Management L.P. raised its position in Western Gas Equity Partners by 20.2% in the 3rd quarter. Heronetta Management L.P. now owns 34,500 shares of the pipeline company’s stock valued at $1,033,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its position in Western Gas Equity Partners by 26.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 205,435 shares of the pipeline company’s stock valued at $6,143,000 after purchasing an additional 43,030 shares in the last quarter. 21.72% of the stock is currently owned by institutional investors.

Shares of NYSE WGP opened at $32.42 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.26. Western Gas Equity Partners LP has a fifty-two week low of $25.89 and a fifty-two week high of $40.15. The stock has a market cap of $7.10 billion, a PE ratio of 18.85 and a beta of 1.54.

Western Gas Equity Partners (NYSE:WGP) last issued its earnings results on Thursday, February 14th. The pipeline company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. Western Gas Equity Partners had a return on equity of 9.96% and a net margin of 18.66%. The business had revenue of $557.79 million for the quarter, compared to analyst estimates of $549.84 million. During the same quarter last year, the company earned $0.45 EPS. The business’s quarterly revenue was down 11.7% on a year-over-year basis. Equities analysts forecast that Western Gas Equity Partners LP will post 1.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 21st. Stockholders of record on Friday, February 1st will be given a dividend of $0.6025 per share. This represents a $2.41 annualized dividend and a dividend yield of 7.43%. The ex-dividend date is Thursday, January 31st. This is a positive change from Western Gas Equity Partners’s previous quarterly dividend of $0.60. Western Gas Equity Partners’s dividend payout ratio (DPR) is 140.12%.

A number of equities research analysts have issued reports on WGP shares. Capital One Financial raised Western Gas Equity Partners from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research report on Wednesday. ValuEngine raised Western Gas Equity Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 7th. Zacks Investment Research lowered Western Gas Equity Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Finally, TheStreet raised Western Gas Equity Partners from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Western Gas Equity Partners currently has a consensus rating of “Hold” and an average price target of $38.25.

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Western Gas Equity Partners Company Profile

Western Gas Equity Partners, LP, together with its subsidiaries, engages in the gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.

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Institutional Ownership by Quarter for Western Gas Equity Partners (NYSE:WGP)

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