Pathstone Family Office LLC bought a new position in Western Gas Partners, LP (NYSE:WES) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,425 shares of the pipeline company’s stock, valued at approximately $136,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Stephens Inc. AR lifted its position in Western Gas Partners, by 1.6% in the 2nd quarter. Stephens Inc. AR now owns 6,100 shares of the pipeline company’s stock worth $341,000 after buying an additional 96 shares in the last quarter. Sei Investments Co. lifted its position in Western Gas Partners, by 0.6% in the 1st quarter. Sei Investments Co. now owns 18,100 shares of the pipeline company’s stock worth $1,094,000 after buying an additional 100 shares in the last quarter. Keybank National Association OH lifted its position in Western Gas Partners, by 6.1% in the 1st quarter. Keybank National Association OH now owns 4,795 shares of the pipeline company’s stock worth $290,000 after buying an additional 275 shares in the last quarter. Signature Financial Management Inc. lifted its position in Western Gas Partners, by 9.6% in the 2nd quarter. Signature Financial Management Inc. now owns 3,725 shares of the pipeline company’s stock worth $208,000 after buying an additional 325 shares in the last quarter. Finally, Comerica Bank lifted its position in Western Gas Partners, by 5.1% in the 2nd quarter. Comerica Bank now owns 6,817 shares of the pipeline company’s stock worth $361,000 after buying an additional 330 shares in the last quarter. Institutional investors own 59.33% of the company’s stock.

Several research analysts have recently commented on WES shares. TheStreet upgraded shares of Western Gas Partners, from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Scotiabank set a $61.00 price target on shares of Western Gas Partners, and gave the stock a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered shares of Western Gas Partners, from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 29th. Stifel Nicolaus restated a “hold” rating and set a $60.00 price target on shares of Western Gas Partners, in a research note on Friday, July 14th. Finally, BidaskClub upgraded shares of Western Gas Partners, from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Two research 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’s stock. Western Gas Partners, presently has a consensus rating of “Hold” and a consensus target price of $61.18.

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Western Gas Partners, LP (WES) opened at 51.48 on Thursday. The company has a 50-day moving average of $50.56 and a 200-day moving average of $55.49. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 36.80 and a beta of 1.18. Western Gas Partners, LP has a 1-year low of $48.04 and a 1-year high of $67.44.

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

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 in the United States.

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

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