Alps Advisors Inc. boosted its position in Western Gas Partners, LP (NYSE:WES) by 16.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,319,167 shares of the pipeline company’s stock after buying an additional 1,024,568 shares during the period. Western Gas Partners, makes up 2.9% of Alps Advisors Inc.’s portfolio, making the stock its 9th largest position. Alps Advisors Inc. owned approximately 0.05% of Western Gas Partners, worth $409,434,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in Western Gas Partners, by 22.1% in the first quarter. BNP Paribas Arbitrage SA now owns 7,057 shares of the pipeline company’s stock valued at $427,000 after buying an additional 1,279 shares during the last quarter. Suntrust Banks Inc. bought a new position in Western Gas Partners, during the first quarter valued at about $201,000. Bank of New York Mellon Corp increased its position in Western Gas Partners, by 13.8% in the first quarter. Bank of New York Mellon Corp now owns 85,619 shares of the pipeline company’s stock valued at $5,176,000 after buying an additional 10,394 shares during the last quarter. TIAA CREF Trust Co. FSB MO increased its position in Western Gas Partners, by 1.4% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 23,304 shares of the pipeline company’s stock valued at $1,409,000 after buying an additional 332 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Western Gas Partners, by 342.4% in the first quarter. First Trust Advisors LP now owns 178,726 shares of the pipeline company’s stock valued at $10,804,000 after buying an additional 138,324 shares during the last quarter. 55.32% of the stock is currently owned by hedge funds and other institutional investors.

Western Gas Partners, LP (NYSE:WES) traded down 0.94% during trading on Tuesday, hitting $49.73. 12,968 shares of the stock traded hands. The stock has a market cap of $7.59 billion, a P/E ratio of 35.55 and a beta of 1.19. Western Gas Partners, LP has a 52-week low of $46.85 and a 52-week high of $67.44. The company’s 50 day moving average price is $53.81 and its 200-day moving average price is $57.91.

Western Gas Partners, (NYSE:WES) last released its quarterly earnings data on Tuesday, July 25th. The pipeline company reported $0.49 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 during the quarter, compared to analysts’ expectations of $488.21 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Western Gas Partners,’s quarterly revenue was up 22.6% on a year-over-year basis. Equities research analysts forecast that Western Gas Partners, LP will post $1.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, July 31st were given a $0.89 dividend. The ex-dividend date was Thursday, July 27th. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a dividend yield of 7.09%. Western Gas Partners,’s payout ratio is currently 256.12%.

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Several research firms have issued reports on WES. TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. 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 report on Tuesday, July 25th. Guggenheim began coverage on shares of Western Gas Partners, in a report on Monday, April 17th. They set a “buy” rating and a $68.00 price objective on the stock. Citigroup Inc. increased their price objective on shares of Western Gas Partners, from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price objective on shares of Western Gas Partners, in a report on Friday, July 14th. Two equities 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 company. The company has an average rating of “Hold” and a consensus price target of $61.18.

About Western Gas Partners,

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.

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

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