Catalyst Capital Advisors LLC boosted its stake in Western Gas Equity Partners, LP (NYSE:WGP) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,794 shares of the pipeline company’s stock after buying an additional 3,387 shares during the period. Catalyst Capital Advisors LLC’s holdings in Western Gas Equity Partners, were worth $6,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Friedberg Investment Management raised its position in Western Gas Equity Partners, by 129.5% in the first quarter. Friedberg Investment Management now owns 16,180 shares of the pipeline company’s stock valued at $745,000 after buying an additional 9,130 shares during the last quarter. Keybank National Association OH raised its position in Western Gas Equity Partners, by 7.8% in the first quarter. Keybank National Association OH now owns 8,645 shares of the pipeline company’s stock valued at $399,000 after buying an additional 625 shares during the last quarter. Signature Financial Management Inc. purchased a new position in Western Gas Equity Partners, during the first quarter valued at $348,000. Center Coast Capital Advisors LP raised its position in Western Gas Equity Partners, by 6.8% in the first quarter. Center Coast Capital Advisors LP now owns 853,563 shares of the pipeline company’s stock valued at $39,338,000 after buying an additional 54,164 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Western Gas Equity Partners, by 7.2% in the first quarter. Parkside Financial Bank & Trust now owns 24,855 shares of the pipeline company’s stock valued at $1,146,000 after buying an additional 1,670 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Western Gas Equity Partners, LP (NYSE:WGP) opened at 39.95 on Friday. Western Gas Equity Partners, LP has a 52 week low of $35.52 and a 52 week high of $47.82. The firm has a 50-day moving average of $41.96 and a 200-day moving average of $44.14. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 24.57 and a beta of 1.56.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, July 31st will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Thursday, July 27th. This is an increase from Western Gas Equity Partners,’s previous quarterly dividend of $0.45. Western Gas Equity Partners,’s dividend payout ratio is currently 129.45%.

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Several research firms recently weighed in on WGP. Macquarie began coverage on shares of Western Gas Equity Partners, in a research note on Friday, April 21st. They set an “outperform” rating and a $51.00 price objective on the stock. Guggenheim began coverage on shares of Western Gas Equity Partners, in a research note on Monday, April 17th. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Investment Research lowered shares of Western Gas Equity Partners, from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub lowered shares of Western Gas Equity Partners, from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. Finally, Deutsche Bank AG raised shares of Western Gas Equity Partners, from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $54.00 in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus 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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