First Capital Advisors Group LLC. held its stake in Western Gas Partners, LP (NYSE:WES) during the second quarter, according to its most recent filing with the SEC. The fund owned 3,749 shares of the pipeline company’s stock at the end of the second quarter. First Capital Advisors Group LLC.’s holdings in Western Gas Partners, were worth $210,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Kayne Anderson Capital Advisors LP increased its stake in Western Gas Partners, by 33.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,806,681 shares of the pipeline company’s stock valued at $592,814,000 after buying an additional 2,480,457 shares during the last quarter. Miller Howard Investments Inc. NY increased its stake in Western Gas Partners, by 49.3% in the second quarter. Miller Howard Investments Inc. NY now owns 1,181,379 shares of the pipeline company’s stock valued at $66,086,000 after buying an additional 390,124 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Western Gas Partners, by 28.7% in the first quarter. JPMorgan Chase & Co. now owns 1,696,549 shares of the pipeline company’s stock valued at $102,557,000 after buying an additional 378,167 shares during the last quarter. Bank of Montreal Can increased its stake in Western Gas Partners, by 35.0% in the second quarter. Bank of Montreal Can now owns 832,745 shares of the pipeline company’s stock valued at $46,584,000 after buying an additional 215,991 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its stake in Western Gas Partners, by 1.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,044,287 shares of the pipeline company’s stock valued at $673,757,000 after buying an additional 176,965 shares during the last quarter. 54.34% of the stock is owned by institutional investors and hedge funds.

Shares of Western Gas Partners, LP (NYSE WES) opened at 49.42 on Friday. The firm has a market capitalization of $7.54 billion, a P/E ratio of 35.33 and a beta of 1.19. Western Gas Partners, LP has a one year low of $46.85 and a one year high of $67.44. The company’s 50 day moving average price is $53.98 and its 200 day moving average price is $58.16.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. The company had revenue of $525.45 million for the quarter, compared to analyst estimates of $488.21 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts expect that Western Gas Partners, LP will post $1.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, July 31st will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Thursday, July 27th. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. Western Gas Partners,’s payout ratio is 256.12%.

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WES has been the subject of several research analyst reports. TheStreet raised Western Gas Partners, from a “c+” rating to a “b” rating in a report on Wednesday, April 26th. BidaskClub downgraded Western Gas Partners, from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Macquarie initiated coverage on Western Gas Partners, in a report on Friday, April 21st. They issued an “outperform” rating and a $51.00 price objective for the company. Zacks Investment Research raised Western Gas Partners, from a “strong sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Scotiabank set a $61.00 price objective on Western Gas Partners, and gave the company a “hold” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Western Gas Partners, has an average rating of “Hold” and an average price target of $61.18.

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.

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

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