Keybank National Association OH Increases Holdings in Western Gas Partners, LP (WES)

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Keybank National Association OH raised its holdings in shares of Western Gas Partners, LP (NYSE:WES) by 36.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,907 shares of the pipeline company’s stock after buying an additional 3,175 shares during the quarter. Keybank National Association OH’s holdings in Western Gas Partners were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. acquired a new stake in Western Gas Partners during the 3rd quarter valued at approximately $183,000. Plancorp LLC acquired a new stake in Western Gas Partners during the 3rd quarter valued at approximately $201,000. Gryphon Financial Partners LLC lifted its stake in Western Gas Partners by 113.4% during the 3rd quarter. Gryphon Financial Partners LLC now owns 5,091 shares of the pipeline company’s stock valued at $222,000 after acquiring an additional 2,705 shares during the period. LVW Advisors LLC lifted its stake in Western Gas Partners by 40.1% during the 3rd quarter. LVW Advisors LLC now owns 5,850 shares of the pipeline company’s stock valued at $256,000 after acquiring an additional 1,675 shares during the period. Finally, Frontier Investment Mgmt Co. lifted its stake in Western Gas Partners by 24.0% during the 3rd quarter. Frontier Investment Mgmt Co. now owns 5,950 shares of the pipeline company’s stock valued at $260,000 after acquiring an additional 1,150 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

NYSE:WES opened at $46.74 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.25. The company has a market cap of $7.13 billion, a PE ratio of 35.95 and a beta of 1.29. Western Gas Partners, LP has a 1-year low of $38.35 and a 1-year high of $53.44.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 13th. Stockholders of record on Friday, February 1st will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 8.39%. This is a positive change from Western Gas Partners’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, January 31st. Western Gas Partners’s payout ratio is 301.54%.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus set a $56.00 target price on shares of Western Gas Partners and gave the company a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of Western Gas Partners from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Bank of America raised shares of Western Gas Partners from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, November 7th. ValuEngine raised shares of Western Gas Partners from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. Finally, Credit Suisse Group lifted their target price on shares of Western Gas Partners from $45.00 to $47.00 and gave the company a “hold” rating in a report on Monday, November 12th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Western Gas Partners currently has a consensus rating of “Hold” and a consensus target price of $51.42.

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Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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Want to see what other hedge funds are holding WES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Gas Partners, LP (NYSE:WES).

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

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