Solaris Asset Management LLC lowered its position in shares of Western Gas Partners, LP (NYSE:WES) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,850 shares of the pipeline company’s stock after selling 200 shares during the period. Solaris Asset Management LLC’s holdings in Western Gas Partners, were worth $103,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock worth $102,557,000 after buying an additional 378,167 shares during the last quarter. Homrich & Berg boosted its position in Western Gas Partners, by 51.0% in the first quarter. Homrich & Berg now owns 18,095 shares of the pipeline company’s stock worth $1,094,000 after buying an additional 6,110 shares during the last quarter. Suntrust Banks Inc. acquired a new position in Western Gas Partners, during the first quarter worth about $201,000. Raymond James Financial Services Advisors Inc. boosted its position in Western Gas Partners, by 60.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,260 shares of the pipeline company’s stock worth $1,708,000 after buying an additional 10,651 shares during the last quarter. Finally, KCG Holdings Inc. boosted its position in Western Gas Partners, by 14.9% in the first quarter. KCG Holdings Inc. now owns 8,742 shares of the pipeline company’s stock worth $528,000 after buying an additional 1,136 shares during the last quarter. Institutional investors own 54.34% of the company’s stock.

Shares of Western Gas Partners, LP (NYSE:WES) opened at 50.54 on Thursday. The firm’s 50-day moving average price is $54.05 and its 200-day moving average price is $58.23. Western Gas Partners, LP has a 12 month low of $46.85 and a 12 month high of $67.44. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 36.13 and a beta of 1.19.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by $0.04. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The firm had revenue of $525.45 million for the quarter, compared to analysts’ expectations of $488.21 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Equities research analysts expect that Western Gas Partners, LP will post $1.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, July 31st will be given a dividend of $0.89 per share. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 7.04%. The ex-dividend date is Thursday, July 27th. Western Gas Partners,’s dividend payout ratio (DPR) is currently 256.12%.

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A number of equities analysts recently issued reports on WES shares. BidaskClub cut Western Gas Partners, from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Scotiabank set a $61.00 price objective on Western Gas Partners, and gave the company a “hold” rating in a report on Tuesday, July 11th. TheStreet cut Western Gas Partners, from a “b” rating to a “c+” rating in a report on Monday, June 5th. Zacks Investment Research cut Western Gas Partners, from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Finally, Macquarie started coverage on Western Gas Partners, in a report on Friday, April 21st. They set an “outperform” rating and a $51.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $61.18.

About Western Gas Partners,

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.

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

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