Traders bought shares of Western Gas Partners, LP (NYSE:WES) on weakness during trading hours on Friday. $31.72 million flowed into the stock on the tick-up and $16.19 million flowed out of the stock on the tick-down, for a money net flow of $15.53 million into the stock. Of all stocks tracked, Western Gas Partners had the 27th highest net in-flow for the day. Western Gas Partners traded down ($0.88) for the day and closed at $47.21

A number of equities research analysts recently weighed in on WES shares. Stifel Nicolaus raised Western Gas Partners from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Western Gas Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Royal Bank of Canada reissued a “buy” rating and set a $61.00 target price on shares of Western Gas Partners in a research report on Tuesday, January 16th. Bank of America started coverage on Western Gas Partners in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, Credit Suisse Group started coverage on Western Gas Partners in a research report on Thursday, January 4th. They set a “neutral” rating and a $49.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $57.08.

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $7,204.34, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 3.48 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 7.79%. This is an increase from Western Gas Partners’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, January 31st. Western Gas Partners’s payout ratio is presently 299.19%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. boosted its holdings in Western Gas Partners by 6.7% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 12,847,861 shares of the pipeline company’s stock valued at $658,838,000 after purchasing an additional 803,574 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Western Gas Partners by 2.4% during the fourth quarter. Alps Advisors Inc. now owns 8,329,599 shares of the pipeline company’s stock valued at $400,570,000 after purchasing an additional 195,137 shares in the last quarter. Center Coast Capital Advisors LP boosted its holdings in Western Gas Partners by 5.3% during the fourth quarter. Center Coast Capital Advisors LP now owns 4,278,382 shares of the pipeline company’s stock valued at $205,747,000 after purchasing an additional 216,685 shares in the last quarter. Chickasaw Capital Management LLC boosted its holdings in Western Gas Partners by 6.3% during the fourth quarter. Chickasaw Capital Management LLC now owns 2,858,653 shares of the pipeline company’s stock valued at $137,473,000 after purchasing an additional 168,361 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Western Gas Partners by 22.3% during the third quarter. JPMorgan Chase & Co. now owns 2,231,399 shares of the pipeline company’s stock valued at $113,579,000 after purchasing an additional 407,038 shares in the last quarter. 62.08% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://theolympiareport.com/2018/02/11/investors-buy-shares-of-western-gas-partners-wes-on-weakness.html.

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.

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