Evercore Wealth Management LLC held its position in shares of Western Gas Partners, LP (NYSE:WES) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the pipeline company’s stock at the end of the 2nd quarter. Evercore Wealth Management LLC’s holdings in Western Gas Partners, were worth $112,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Good Life Advisors LLC bought a new stake in Western Gas Partners, during the second quarter worth about $239,000. Marshall Wace North America L.P. bought a new stake in Western Gas Partners, during the second quarter worth about $5,279,000. Creative Planning boosted its stake in Western Gas Partners, by 34.5% during the second quarter. Creative Planning now owns 243,628 shares of the pipeline company’s stock worth $13,629,000 after acquiring an additional 62,426 shares in the last quarter. KCG Holdings Inc. boosted its stake in Western Gas Partners, by 14.9% during the first quarter. KCG Holdings Inc. now owns 8,742 shares of the pipeline company’s stock worth $528,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Keybank National Association OH boosted its stake in Western Gas Partners, by 101.4% during the second quarter. Keybank National Association OH now owns 9,655 shares of the pipeline company’s stock worth $540,000 after acquiring an additional 4,860 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.

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Western Gas Partners, LP (NYSE:WES) opened at 51.28 on Friday. Western Gas Partners, LP has a one year low of $48.04 and a one year high of $67.44. The firm has a 50-day moving average of $50.56 and a 200 day moving average of $55.49. The stock has a market capitalization of $7.83 billion, a PE ratio of 36.65 and a beta of 1.18.

Western Gas Partners, (NYSE:WES) last issued its quarterly earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). The business had revenue of $525.45 million for the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a return on equity of 15.80% and a net margin of 28.81%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. On average, equities research analysts anticipate that Western Gas Partners, LP will post $1.52 earnings per share for the current fiscal year.

Several research firms recently commented on WES. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price objective on shares of Western Gas Partners, in a research note on Friday, July 14th. TheStreet lowered shares of Western Gas Partners, from a “b” rating to a “c+” rating in a research note on Monday, June 5th. Scotiabank set a $61.00 price objective on shares of Western Gas Partners, and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, July 25th. Finally, BidaskClub raised shares of Western Gas Partners, from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.18.

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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