Kieckhefer Group LLC Invests $58,000 in Western Midstream Partners, LP (NYSE:WES)

Kieckhefer Group LLC acquired a new position in Western Midstream Partners, LP (NYSE:WES) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,500 shares of the pipeline company’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Western Midstream Partners by 287.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock worth $55,000 after buying an additional 1,066 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Western Midstream Partners during the second quarter valued at $74,000. Avondale Wealth Management purchased a new stake in shares of Western Midstream Partners during the 4th quarter valued at about $77,000. Cedar Mountain Advisors LLC grew its position in Western Midstream Partners by 16.1% during the third quarter. Cedar Mountain Advisors LLC now owns 2,158 shares of the pipeline company’s stock valued at $83,000 after buying an additional 299 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in Western Midstream Partners in the third quarter worth approximately $86,000. 84.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America began coverage on Western Midstream Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $37.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price objective on shares of Western Midstream Partners in a research note on Monday, December 9th. UBS Group decreased their target price on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. StockNews.com cut shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Morgan Stanley cut shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $42.00 to $40.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.88.

Western Midstream Partners Price Performance

Shares of WES stock traded up $0.46 on Monday, reaching $40.16. The company’s stock had a trading volume of 366,216 shares, compared to its average volume of 882,664. The stock’s fifty day simple moving average is $38.78 and its 200-day simple moving average is $39.06. Western Midstream Partners, LP has a 1 year low of $27.49 and a 1 year high of $42.80. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.08 and a beta of 2.90. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners (NYSE:WES) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.09). The business had revenue of $883.36 million for the quarter, compared to the consensus estimate of $924.83 million. Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. Western Midstream Partners’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. Analysts forecast that Western Midstream Partners, LP will post 4.03 earnings per share for the current fiscal year.

Western Midstream Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 8.72%. The ex-dividend date was Friday, November 1st. Western Midstream Partners’s payout ratio is 89.29%.

Western Midstream Partners Company Profile

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.