California Public Employees Retirement System raised its position in shares of Western Gas Equity Partners, LP (NYSE:WGP) by 63.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,800 shares of the pipeline company’s stock after buying an additional 13,100 shares during the period. California Public Employees Retirement System’s holdings in Western Gas Equity Partners, were worth $1,558,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its stake in shares of Western Gas Equity Partners, by 67.7% in the first quarter. Chicago Partners Investment Group LLC now owns 13,073 shares of the pipeline company’s stock worth $603,000 after buying an additional 5,279 shares during the period. Alliancebernstein L.P. raised its stake in Western Gas Equity Partners, by 40.6% in the first quarter. Alliancebernstein L.P. now owns 9,293 shares of the pipeline company’s stock worth $428,000 after buying an additional 2,683 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Western Gas Equity Partners, by 4.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 67,000 shares of the pipeline company’s stock worth $3,089,000 after buying an additional 3,000 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Western Gas Equity Partners, by 13.4% in the first quarter. Neuberger Berman Group LLC now owns 10,734,821 shares of the pipeline company’s stock worth $494,875,000 after buying an additional 1,269,942 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Western Gas Equity Partners, by 36.9% in the first quarter. JPMorgan Chase & Co. now owns 76,721 shares of the pipeline company’s stock worth $3,536,000 after buying an additional 20,669 shares in the last quarter. 18.50% of the stock is owned by institutional investors.

Western Gas Equity Partners, LP (WGP) traded down 1.90% during mid-day trading on Friday, hitting $40.69. 155,854 shares of the stock were exchanged. The stock has a 50 day moving average of $42.15 and a 200-day moving average of $44.35. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 25.02 and a beta of 1.56. Western Gas Equity Partners, LP has a 52-week low of $35.52 and a 52-week high of $47.82.

Western Gas Equity Partners, (NYSE:WGP) last released its quarterly earnings data on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $525.50 million during the quarter, compared to the consensus estimate of $505.77 million. Western Gas Equity Partners, had a return on equity of 8.78% and a net margin of 17.50%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Equities analysts predict that Western Gas Equity Partners, LP will post $1.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, July 31st will be issued a $0.5275 dividend. This is an increase from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. This represents a $2.11 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Thursday, July 27th. Western Gas Equity Partners,’s payout ratio is presently 129.45%.

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A number of research firms recently commented on WGP. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price target on shares of Western Gas Equity Partners, in a report on Friday, April 7th. Macquarie began coverage on shares of Western Gas Equity Partners, in a report on Friday, April 21st. They set an “outperform” rating and a $51.00 price target for the company. Guggenheim began coverage on shares of Western Gas Equity Partners, in a report on Monday, April 17th. They set a “buy” rating and a $60.00 price target for the company. Zacks Investment Research lowered shares of Western Gas Equity Partners, from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub lowered shares of Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $50.89.

Western Gas Equity Partners, Company Profile

Western Gas Equity Partners, LP is a limited partnership. The Company is formed to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES is an master limited partnership (MLP) engaged in the business of gathering, compressing, treating, processing and transporting natural gas, and gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil.

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

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