Advisory Research Inc. continued to hold its position in Western Gas Equity Partners, LP (NYSE:WGP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,595,504 shares of the pipeline company’s stock at the close of the second quarter. Western Gas Equity Partners, accounts for approximately 1.1% of Advisory Research Inc.’s portfolio, making the stock its 19th largest holding. Advisory Research Inc. owned approximately 0.73% of Western Gas Equity Partners, worth $73,553,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in Western Gas Equity Partners, by 78.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,420 shares of the pipeline company’s stock worth $158,000 after purchasing an additional 1,505 shares in the last quarter. Clinton Group Inc. bought a new position in Western Gas Equity Partners, during the 2nd quarter worth about $201,000. Proficio Capital Partners LLC increased its holdings in Western Gas Equity Partners, by 10.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 5,342 shares of the pipeline company’s stock worth $226,000 after purchasing an additional 519 shares in the last quarter. Doliver Capital Advisors LP bought a new position in Western Gas Equity Partners, during the 2nd quarter worth about $241,000. Finally, Wetherby Asset Management Inc. increased its holdings in Western Gas Equity Partners, by 11.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 6,000 shares of the pipeline company’s stock worth $258,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 17.80% of the company’s stock.

Western Gas Equity Partners, LP (WGP) traded down 0.32% during trading on Friday, reaching $40.53. The company’s stock had a trading volume of 154,784 shares. The company has a market cap of $8.87 billion, a P/E ratio of 24.93 and a beta of 1.57. The stock’s 50-day moving average is $40.16 and its 200 day moving average is $42.55. Western Gas Equity Partners, LP has a 12 month low of $38.71 and a 12 month high of $47.82.

Western Gas Equity Partners, (NYSE:WGP) last posted its earnings results on Tuesday, July 25th. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $525.50 million during the quarter, compared to the consensus estimate of $505.77 million. Western Gas Equity Partners, had a net margin of 17.50% and a return on equity of 8.78%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, equities analysts forecast that Western Gas Equity Partners, LP will post $1.62 EPS for the current fiscal year.

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A number of research firms have issued reports on WGP. Scotiabank set a $51.00 target price on Western Gas Equity Partners, and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub upgraded Western Gas Equity Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research cut Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.56.

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.

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

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