Moody National Bank Trust Division maintained its stake in Western Gas Partners, LP (NYSE:WES) during the first quarter, Holdings Channel reports. The fund owned 12,100 shares of the pipeline company’s stock at the end of the first quarter. Moody National Bank Trust Division’s holdings in Western Gas Partners, were worth $732,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new stake in Western Gas Partners, during the first quarter valued at approximately $448,000. Spirit of America Management Corp NY boosted its stake in Western Gas Partners, by 4.7% in the first quarter. Spirit of America Management Corp NY now owns 399,269 shares of the pipeline company’s stock valued at $24,135,000 after buying an additional 18,100 shares during the last quarter. Creative Planning boosted its stake in Western Gas Partners, by 33.1% in the first quarter. Creative Planning now owns 181,202 shares of the pipeline company’s stock valued at $10,954,000 after buying an additional 45,043 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in Western Gas Partners, during the fourth quarter valued at approximately $248,000. Finally, Brookfield Asset Management Inc. boosted its stake in Western Gas Partners, by 79.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 627,908 shares of the pipeline company’s stock valued at $36,896,000 after buying an additional 278,000 shares during the last quarter. 52.93% of the stock is owned by hedge funds and other institutional investors.

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

Western Gas Partners, LP (NYSE:WES) traded up 0.20% during trading on Thursday, hitting $59.50. 175,709 shares of the company traded hands. The firm has a 50 day moving average of $60.66 and a 200 day moving average of $59.18. Western Gas Partners, LP has a one year low of $45.12 and a one year high of $67.44. The firm has a market cap of $7.77 billion, a P/E ratio of 34.20 and a beta of 1.18.

Western Gas Partners, (NYSE:WES) last posted its quarterly earnings data on Wednesday, February 22nd. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.22. The firm had revenue of $510.80 million for the quarter, compared to the consensus estimate of $472.76 million. Western Gas Partners, had a return on equity of 15.69% and a net margin of 16.62%. Western Gas Partners,’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the company posted ($1.60) earnings per share. On average, analysts expect that Western Gas Partners, LP will post $2.40 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Monday, May 1st will be issued a $0.875 dividend. The ex-dividend date is Thursday, April 27th. This is an increase from Western Gas Partners,’s previous quarterly dividend of $0.86. This represents a $3.50 dividend on an annualized basis and a yield of 5.88%. Western Gas Partners,’s dividend payout ratio is -1,720.00%.

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Several analysts have commented on the stock. Guggenheim assumed coverage on shares of Western Gas Partners, in a research note on Monday. They issued a “buy” rating and a $68.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $69.00 target price on shares of Western Gas Partners, in a research note on Friday, April 7th. Bank of America Corp cut shares of Western Gas Partners, from a “neutral” rating to an “underperform” rating and set a $61.00 target price for the company. in a research note on Monday, February 27th. Finally, Zacks Investment Research cut shares of Western Gas Partners, from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $63.33.

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.

5 Day Chart for NYSE:WES

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