Yorkville Capital Management LLC trimmed its holdings in Western Gas Equity Partners, LP (NYSE:WGP) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,467 shares of the pipeline company’s stock after selling 2,085 shares during the quarter. Yorkville Capital Management LLC’s holdings in Western Gas Equity Partners, were worth $837,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Linscomb & Williams Inc. increased its holdings in shares of Western Gas Equity Partners, by 0.4% in the 2nd quarter. Linscomb & Williams Inc. now owns 10,325 shares of the pipeline company’s stock valued at $444,000 after acquiring an additional 45 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Western Gas Equity Partners, by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,598 shares of the pipeline company’s stock valued at $284,000 after acquiring an additional 452 shares during the period. NBW Capital LLC increased its holdings in shares of Western Gas Equity Partners, by 2.8% in the 2nd quarter. NBW Capital LLC now owns 186,275 shares of the pipeline company’s stock valued at $8,014,000 after acquiring an additional 5,010 shares during the period. Clinton Group Inc. acquired a new position in shares of Western Gas Equity Partners, in the 2nd quarter valued at $201,000. Finally, Doliver Capital Advisors LP acquired a new position in shares of Western Gas Equity Partners, in the 2nd quarter valued at $241,000. 17.80% of the stock is currently owned by institutional investors and hedge funds.

Western Gas Equity Partners, LP (NYSE:WGP) traded down 0.08% during midday trading on Tuesday, hitting $39.40. 71,547 shares of the company traded hands. The stock has a market cap of $8.63 billion, a P/E ratio of 24.23 and a beta of 1.57. The stock has a 50 day moving average of $40.23 and a 200 day moving average of $42.36. Western Gas Equity Partners, LP has a 12-month low of $38.71 and a 12-month high of $47.82.

Western Gas Equity Partners, (NYSE:WGP) last released its earnings results on Tuesday, July 25th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The firm had revenue of $525.50 million for the quarter, compared to analyst estimates of $505.77 million. Western Gas Equity Partners, had a return on equity of 8.78% and a net margin of 17.50%. Western Gas Equity Partners,’s revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Equities research analysts predict that Western Gas Equity Partners, LP will post $1.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 2nd will be issued a dividend of $0.5375 per share. This is a positive change from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. This represents a $2.15 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Wednesday, November 1st. Western Gas Equity Partners,’s payout ratio is presently 129.45%.

ILLEGAL ACTIVITY WARNING: This news story was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://theolympiareport.com/2017/10/17/yorkville-capital-management-llc-sells-2085-shares-of-western-gas-equity-partners-lp-wgp.html.

WGP has been the topic of several recent research reports. Scotiabank set a $51.00 price objective on shares of Western Gas Equity Partners, and gave the company a “buy” rating in a research note on Wednesday, August 16th. BidaskClub raised shares of Western Gas Equity Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Seaport Global Securities initiated coverage on shares of Western Gas Equity Partners, in a research note on Tuesday, October 10th. They issued a “buy” rating and a $49.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.40.

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.

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

Receive News & Ratings for Western Gas Equity Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Gas Equity Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.