Zacks Investment Research lowered shares of Western Gas Partners, LP (NYSE:WES) from a buy rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. “

WES has been the subject of several other reports. Royal Bank Of Canada reiterated an outperform rating and issued a $64.00 price target (down from $65.00) on shares of Western Gas Partners, in a research report on Thursday, November 3rd. Barclays PLC reiterated a buy rating and issued a $63.00 price target on shares of Western Gas Partners, in a research report on Tuesday, November 8th. RBC Capital Markets reiterated a buy rating and issued a $65.00 price target on shares of Western Gas Partners, in a research report on Friday, January 6th. Capital One Financial Corporation upgraded Western Gas Partners, from an equal weight rating to an overweight rating in a research report on Friday, December 16th. They noted that the move was a valuation call. Finally, TheStreet cut Western Gas Partners, from a buy rating to a hold rating in a research report on Wednesday, November 2nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Western Gas Partners, has a consensus rating of Buy and an average target price of $55.92.

Analyst Recommendations for Western Gas Partners, (NYSE:WES)

Western Gas Partners, (NYSE:WES) opened at 65.31 on Tuesday. The firm’s market cap is $9.33 billion. Western Gas Partners, has a one year low of $29.37 and a one year high of $66.09. The firm has a 50-day moving average price of $61.93 and a 200-day moving average price of $55.72.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 13th. Investors of record on Thursday, February 2nd were paid a dividend of $0.86 per share. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, January 31st. This represents a $3.44 annualized dividend and a yield of 5.27%. Western Gas Partners,’s dividend payout ratio (DPR) is currently -1,720.00%.

Large investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in Western Gas Partners, by 152.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,402 shares of the company’s stock valued at $494,000 after buying an additional 5,068 shares in the last quarter. Guggenheim Capital LLC raised its stake in Western Gas Partners, by 1,131.6% in the fourth quarter. Guggenheim Capital LLC now owns 51,800 shares of the company’s stock valued at $3,044,000 after buying an additional 47,594 shares in the last quarter. Zimmer Partners LP acquired a new stake in Western Gas Partners, during the fourth quarter valued at about $225,000. Silvercrest Asset Management Group LLC raised its stake in Western Gas Partners, by 2.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 169,958 shares of the company’s stock valued at $9,987,000 after buying an additional 3,862 shares in the last quarter. Finally, RR Advisors LLC raised its stake in Western Gas Partners, by 2.5% in the fourth quarter. RR Advisors LLC now owns 1,655,000 shares of the company’s stock valued at $97,235,000 after buying an additional 41,000 shares in the last quarter. 52.93% of the stock is owned by institutional investors.

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 for Anadarko Petroleum Corporation (Anadarko), as well as third-party producers and customers.

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