Western Gas Equity Partners, LP (NYSE:WGP) issued its quarterly earnings data on Tuesday. The pipeline company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03, Briefing.com reports. The firm had revenue of $574.70 million for the quarter, compared to analyst estimates of $530.80 million. Western Gas Equity Partners, had a net margin of 16.96% and a return on equity of 8.95%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 2nd will be paid a $0.5375 dividend. The ex-dividend date is Wednesday, November 1st. This is a boost 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 5.44%. Western Gas Equity Partners,’s dividend payout ratio is 127.88%.

A number of equities analysts have recently commented on the stock. Scotiabank reissued a “buy” rating and issued a $51.00 price target on shares of Western Gas Equity Partners, in a research report on Wednesday, October 25th. Morgan Stanley dropped their price target 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 report on Thursday. TheStreet lowered shares of Western Gas Equity Partners, from a “b” rating to a “c+” rating in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Seaport Global Securities assumed coverage on shares of Western Gas Equity Partners, in a research report on Tuesday, October 10th. They issued a “buy” rating and a $49.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Western Gas Equity Partners, presently has a consensus rating of “Buy” and a consensus price target of $49.45.

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An institutional investor recently raised its position in Western Gas Equity Partners, stock. Northern Trust Corp lifted its stake in shares of Western Gas Equity Partners, LP (NYSE:WGP) by 35.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,537 shares of the pipeline company’s stock after acquiring an additional 2,500 shares during the quarter. Northern Trust Corp’s holdings in Western Gas Equity Partners, were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 17.85% of the company’s stock.

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.

Earnings History for Western Gas Equity Partners, (NYSE:WGP)

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