Catalyst Capital Advisors LLC boosted its position in Western Gas Equity Partners LP (NYSE:WGP) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,713 shares of the pipeline company’s stock after buying an additional 3,073 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.08% of Western Gas Equity Partners worth $6,151,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WGP. Wells Fargo & Company MN grew its position in Western Gas Equity Partners by 8.9% in the 4th quarter. Wells Fargo & Company MN now owns 65,046 shares of the pipeline company’s stock valued at $2,417,000 after buying an additional 5,311 shares during the last quarter. Citadel Advisors LLC purchased a new position in Western Gas Equity Partners in the 4th quarter valued at $411,000. Icon Wealth Partners LLC purchased a new position in Western Gas Equity Partners in the 4th quarter valued at $119,000. Geode Capital Management LLC purchased a new position in Western Gas Equity Partners in the 4th quarter valued at $329,000. Finally, Chilton Capital Management LLC purchased a new position in Western Gas Equity Partners in the 4th quarter valued at $259,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Shares of Western Gas Equity Partners opened at $35.64 on Wednesday, according to Marketbeat.com. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 20.72 and a beta of 1.53. Western Gas Equity Partners LP has a one year low of $31.63 and a one year high of $43.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.45 and a current ratio of 1.45.

Western Gas Equity Partners (NYSE:WGP) last released its quarterly earnings data on Tuesday, May 1st. The pipeline company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. Western Gas Equity Partners had a net margin of 18.52% and a return on equity of 10.15%. The business had revenue of $437.17 million for the quarter, compared to analyst estimates of $641.06 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. analysts forecast that Western Gas Equity Partners LP will post 1.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 24th. Investors of record on Wednesday, May 2nd were given a $0.569 dividend. The ex-dividend date of this dividend was Tuesday, May 1st. This is a positive change from Western Gas Equity Partners’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 6.39%. Western Gas Equity Partners’s payout ratio is currently 132.56%.

Several equities research analysts have commented on WGP shares. Zacks Investment Research upgraded shares of Western Gas Equity Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Seaport Global Securities lowered shares of Western Gas Equity Partners from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $49.00 to $32.00 in a research report on Monday, April 9th. Bank of America decreased their target price on shares of Western Gas Equity Partners from $41.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 27th. Citigroup upgraded shares of Western Gas Equity Partners from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 27th. Finally, Barclays set a $43.00 target price on shares of Western Gas Equity Partners and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.40.

About Western Gas Equity Partners

Western Gas Equity Partners, LP, together with its subsidiaries, engages in the gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.

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

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