Natixis raised its holdings in Western Gas Equity Partners LP (NYSE:WGP) by 37.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,800 shares of the pipeline company’s stock after acquiring an additional 21,800 shares during the quarter. Natixis’ holdings in Western Gas Equity Partners were worth $2,853,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WGP. Taylor Wealth Management Partners bought a new position in Western Gas Equity Partners in the second quarter valued at approximately $111,000. Baldwin Brothers Inc. MA bought a new position in Western Gas Equity Partners in the second quarter valued at approximately $194,000. Wetherby Asset Management Inc. bought a new position in Western Gas Equity Partners in the second quarter valued at approximately $215,000. First Republic Investment Management Inc. bought a new position in Western Gas Equity Partners in the first quarter valued at approximately $223,000. Finally, Stokes Capital Advisors LLC bought a new position in Western Gas Equity Partners in the second quarter valued at approximately $234,000. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

WGP opened at $33.32 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 19.37 and a beta of 1.70. Western Gas Equity Partners LP has a twelve month low of $31.63 and a twelve month high of $42.92.

Western Gas Equity Partners (NYSE:WGP) last posted its earnings results on Tuesday, July 31st. The pipeline company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.12). The firm had revenue of $435.95 million during the quarter. Western Gas Equity Partners had a return on equity of 9.42% and a net margin of 17.52%. research analysts predict that Western Gas Equity Partners LP will post 1.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Wednesday, August 1st were issued a $0.582 dividend. The ex-dividend date was Tuesday, July 31st. This is a positive change from Western Gas Equity Partners’s previous quarterly dividend of $0.45. This represents a $2.33 annualized dividend and a yield of 6.99%. Western Gas Equity Partners’s dividend payout ratio (DPR) is 135.47%.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Western Gas Equity Partners from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Stifel Nicolaus started coverage on shares of Western Gas Equity Partners in a report on Tuesday. They issued a “buy” rating on the stock. Barclays increased their target price on shares of Western Gas Equity Partners from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Tuesday, June 12th. Bank of America increased their target price on shares of Western Gas Equity Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, June 5th. Finally, Zacks Investment Research upgraded shares of Western Gas Equity Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Western Gas Equity Partners has an average rating of “Hold” and an average price target of $41.40.

About Western Gas Equity Partners

Western Gas Equity Partners, LP, together with its subsidiaries, engages in the gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.

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

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