First Manhattan Co. continued to hold its position in shares of Western Gas Partners, LP (NYSE:WES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,800 shares of the pipeline company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Western Gas Partners, were worth $212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of 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 period. Homrich & Berg raised its position in shares of 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 period. Suntrust Banks Inc. acquired a new position in shares of Western Gas Partners, during the first quarter worth about $201,000. Raymond James Financial Services Advisors Inc. raised its position in shares of 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 period. Finally, KCG Holdings Inc. raised its position in shares of 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 period. Institutional investors own 54.34% of the company’s stock.

Shares of Western Gas Partners, LP (WES) opened at 49.42 on Friday. The stock has a 50 day moving average price of $53.98 and a 200 day moving average price of $58.16. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 35.33 and a beta of 1.19. Western Gas Partners, LP has a one year low of $46.85 and a one year high of $67.44.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, July 31st will be paid a $0.89 dividend. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 7.20%. The ex-dividend date of this dividend is Thursday, July 27th. Western Gas Partners,’s dividend payout ratio (DPR) is 256.12%.

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

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.

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

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