HighTower Advisors LLC decreased its position in Western Gas Partners, LP (NYSE:WES) by 1.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 191,992 shares of the pipeline company’s stock after selling 1,932 shares during the period. HighTower Advisors LLC owned about 0.13% of Western Gas Partners, worth $10,739,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Balyasny Asset Management LLC lifted its stake in Western Gas Partners, by 39.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 171,980 shares of the pipeline company’s stock valued at $9,621,000 after acquiring an additional 48,273 shares in the last quarter. Chilton Capital Management LLC lifted its stake in Western Gas Partners, by 5.1% in the 2nd quarter. Chilton Capital Management LLC now owns 45,525 shares of the pipeline company’s stock valued at $2,547,000 after acquiring an additional 2,200 shares in the last quarter. Veritable L.P. lifted its stake in Western Gas Partners, by 6.2% in the 2nd quarter. Veritable L.P. now owns 13,101 shares of the pipeline company’s stock valued at $733,000 after acquiring an additional 768 shares in the last quarter. Global Endowment Management LP lifted its stake in Western Gas Partners, by 4.1% in the 2nd quarter. Global Endowment Management LP now owns 20,530 shares of the pipeline company’s stock valued at $1,149,000 after acquiring an additional 800 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in Western Gas Partners, in the 2nd quarter valued at approximately $13,959,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Western Gas Partners, LP (NYSE WES) traded up 0.75% on Friday, hitting $51.28. The company had a trading volume of 1,338,642 shares. The stock has a 50 day moving average of $50.56 and a 200-day moving average of $55.49. Western Gas Partners, LP has a one year low of $48.04 and a one year high of $67.44. The stock has a market capitalization of $7.83 billion, a PE ratio of 36.65 and a beta of 1.18.

Western Gas Partners, (NYSE:WES) last released its earnings results 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). The firm had revenue of $525.45 million during the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. Equities analysts anticipate that Western Gas Partners, LP will post $1.52 EPS for the current year.

Several equities research analysts have commented on the company. BidaskClub cut Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Scotiabank set a $61.00 target price on Western Gas Partners, and gave the company a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut Western Gas Partners, from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 29th. TheStreet raised Western Gas Partners, from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price target on shares of Western Gas Partners, in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $61.18.

TRADEMARK VIOLATION NOTICE: “HighTower Advisors LLC Cuts Holdings in Western Gas Partners, LP (WES)” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/hightower-advisors-llc-cuts-holdings-in-western-gas-partners-lp-wes/1598990.html.

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.

Want to see what other hedge funds are holding WES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Gas Partners, LP (NYSE:WES).

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

Receive News & Ratings for Western Gas Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.