MAI Capital Management lessened its position in shares of Western Gas Partners, LP (NYSE:WES) by 5.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,362 shares of the pipeline company’s stock after selling 3,662 shares during the period. MAI Capital Management’s holdings in Western Gas Partners were worth $2,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WES. Brookfield Asset Management Inc. raised its stake in Western Gas Partners by 6,484.5% during the first quarter. Brookfield Asset Management Inc. now owns 4,313,506 shares of the pipeline company’s stock worth $184,057,000 after buying an additional 4,247,996 shares during the last quarter. Zimmer Partners LP raised its stake in Western Gas Partners by 5,573.5% during the first quarter. Zimmer Partners LP now owns 1,353,255 shares of the pipeline company’s stock worth $57,743,000 after buying an additional 1,329,403 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Western Gas Partners by 9.5% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 14,962,223 shares of the pipeline company’s stock worth $724,022,000 after buying an additional 1,296,811 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Western Gas Partners by 2,329.2% during the first quarter. Summit Trail Advisors LLC now owns 1,245,133 shares of the pipeline company’s stock worth $1,245,000 after buying an additional 1,193,877 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in Western Gas Partners by 5.9% during the second quarter. Alps Advisors Inc. now owns 8,329,599 shares of the pipeline company’s stock worth $400,570,000 after buying an additional 465,075 shares during the last quarter. 59.79% of the stock is owned by institutional investors and hedge funds.

WES opened at $45.95 on Friday. Western Gas Partners, LP has a 1-year low of $40.44 and a 1-year high of $54.40. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 3.98 and a beta of 1.30.

Western Gas Partners (NYSE:WES) last posted its quarterly earnings results on Tuesday, July 31st. The pipeline company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Western Gas Partners had a net margin of 22.80% and a return on equity of 12.18%. The firm had revenue of $435.95 million during the quarter. On average, equities analysts predict that Western Gas Partners, LP will post 1.83 earnings per share for the current year.

WES has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Western Gas Partners from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Bank of America lowered their target price on shares of Western Gas Partners from $53.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, October 1st. Wells Fargo & Co lowered their target price on shares of Western Gas Partners from $51.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, September 24th. Citigroup lifted their target price on shares of Western Gas Partners from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, ValuEngine raised shares of Western Gas Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Western Gas Partners has a consensus rating of “Hold” and an average target price of $53.50.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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

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