Alliancebernstein L.P. raised its stake in Western Gas Equity Partners, LP (NYSE:WGP) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,844 shares of the pipeline company’s stock after acquiring an additional 551 shares during the quarter. Alliancebernstein L.P.’s holdings in Western Gas Equity Partners, were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WGP. Chickasaw Capital Management LLC boosted its stake in shares of Western Gas Equity Partners, by 0.5% in the 2nd quarter. Chickasaw Capital Management LLC now owns 5,109,279 shares of the pipeline company’s stock valued at $219,801,000 after purchasing an additional 24,540 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Western Gas Equity Partners, in the 2nd quarter valued at about $4,738,000. Chicago Partners Investment Group LLC boosted its stake in shares of Western Gas Equity Partners, by 6.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 13,906 shares of the pipeline company’s stock valued at $594,000 after purchasing an additional 833 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Western Gas Equity Partners, by 10.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 5,342 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 519 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Western Gas Equity Partners, by 55.4% in the 2nd quarter. Wells Fargo & Company MN now owns 75,637 shares of the pipeline company’s stock valued at $3,255,000 after purchasing an additional 26,980 shares during the last quarter. Hedge funds and other institutional investors own 17.85% of the company’s stock.

Several research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Western Gas Equity Partners, from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday. Scotiabank reaffirmed a “buy” rating and issued a $51.00 target price on shares of Western Gas Equity Partners, in a research note on Wednesday, October 25th. TheStreet lowered shares of Western Gas Equity Partners, from a “b” rating to a “c+” rating in a research note on Monday, October 16th. Seaport Global Securities initiated coverage on shares of Western Gas Equity Partners, in a research note on Tuesday, October 10th. They set a “buy” rating and a $49.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $49.45.

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Western Gas Equity Partners, LP (NYSE WGP) opened at $38.06 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 0.91. The company has a market cap of $8,332.59, a price-to-earnings ratio of 22.93 and a beta of 1.55.

Western Gas Equity Partners, (NYSE:WGP) last announced its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Western Gas Equity Partners, had a net margin of 16.96% and a return on equity of 8.99%. The firm had revenue of $574.70 million for the quarter, compared to analyst estimates of $530.80 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. equities analysts predict that Western Gas Equity Partners, LP will post 1.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 2nd will be issued a $0.5375 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This is an increase from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. This represents a $2.15 dividend on an annualized basis and a dividend yield of 5.65%. Western Gas Equity Partners,’s dividend payout ratio (DPR) is 130.30%.

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.

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

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