Veritable L.P. grew its position in Western Gas Partners, LP (NYSE:WES) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,101 shares of the pipeline company’s stock after purchasing an additional 768 shares during the quarter. Veritable L.P.’s holdings in Western Gas Partners, were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pathstone Family Office LLC bought a new position in shares of Western Gas Partners, during the second quarter worth $136,000. Chicago Partners Investment Group LLC boosted its position in shares of Western Gas Partners, by 60.2% during the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock worth $139,000 after acquiring an additional 900 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Western Gas Partners, during the first quarter worth $181,000. Suntrust Banks Inc. bought a new position in shares of Western Gas Partners, during the first quarter worth $201,000. Finally, Signature Financial Management Inc. boosted its position in shares of Western Gas Partners, by 9.6% during the second quarter. Signature Financial Management Inc. now owns 3,725 shares of the pipeline company’s stock worth $208,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Western Gas Partners, from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and set a $60.00 target price on shares of Western Gas Partners, in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research report on Tuesday, July 25th. Scotiabank set a $61.00 target price on shares of Western Gas Partners, and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Finally, TheStreet upgraded shares of Western Gas Partners, from a “c+” rating to a “b-” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.18.

Western Gas Partners, LP (NYSE:WES) opened at 51.28 on Friday. The firm’s 50-day moving average is $50.56 and its 200 day moving average is $55.49. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 36.65 and a beta of 1.18. Western Gas Partners, LP has a 52-week low of $48.04 and a 52-week high of $67.44.

Western Gas Partners, (NYSE:WES) last announced its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $525.45 million for the quarter, compared to analyst estimates of $488.21 million. During the same period last year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts predict that Western Gas Partners, LP will post $1.52 EPS for the current fiscal year.

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Western Gas Partners, 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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