Western Gas Equity Partners, LP (NYSE:WGP) had its price objective lowered by Morgan Stanley from $45.00 to $40.00 in a research report sent to investors on Thursday. Morgan Stanley currently has an equal weight rating on the pipeline company’s stock.

Several other analysts have also recently commented on WGP. Zacks Investment Research raised Western Gas Equity Partners, from a sell rating to a hold rating in a report on Wednesday, July 5th. Scotiabank set a $51.00 price target on Western Gas Equity Partners, and gave the company a buy rating in a report on Tuesday, July 11th. Deutsche Bank AG raised Western Gas Equity Partners, from a hold rating to a buy rating and raised their price target for the company from $50.00 to $54.00 in a report on Thursday, July 13th. BidaskClub cut Western Gas Equity Partners, from a sell rating to a strong sell rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $53.00 price target on shares of Western Gas Equity Partners, in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $49.45.

Shares of Western Gas Equity Partners, (NYSE WGP) traded down $0.10 on Thursday, reaching $38.06. 224,976 shares of the company’s stock were exchanged, compared to its average volume of 152,438. The stock has a market cap of $8,332.59, a P/E ratio of 22.93 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.91 and a quick ratio of 1.21.

Western Gas Equity Partners, (NYSE:WGP) last announced its earnings results on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $574.70 million for the quarter, compared to the consensus estimate of $530.80 million. Western Gas Equity Partners, had a return on equity of 8.99% and a net margin of 16.96%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. research analysts predict that Western Gas Equity Partners, will post 1.53 earnings per share for the current year.

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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 issued a $0.5375 dividend. This represents a $2.15 dividend on an annualized basis and a dividend yield of 5.65%. This is a boost from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, November 1st. Western Gas Equity Partners,’s payout ratio is 130.30%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Linscomb & Williams Inc. raised its holdings in shares of Western Gas Equity Partners, by 0.4% in the second quarter. Linscomb & Williams Inc. now owns 10,325 shares of the pipeline company’s stock worth $444,000 after acquiring an additional 45 shares during the last quarter. Signature Financial Management Inc. raised its holdings in shares of Western Gas Equity Partners, by 0.7% in the second quarter. Signature Financial Management Inc. now owns 7,600 shares of the pipeline company’s stock worth $327,000 after acquiring an additional 50 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Western Gas Equity Partners, by 5.1% in the second quarter. Keybank National Association OH now owns 9,085 shares of the pipeline company’s stock worth $391,000 after acquiring an additional 440 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Western Gas Equity Partners, by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,598 shares of the pipeline company’s stock worth $284,000 after acquiring an additional 452 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Western Gas Equity Partners, by 1.5% in the second quarter. California Public Employees Retirement System now owns 34,300 shares of the pipeline company’s stock worth $1,476,000 after acquiring an additional 500 shares during the last quarter. 17.85% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Western Gas Equity Partners, (NYSE:WGP)

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