Raymond James Financial Services Advisors Inc. Has $2.26 Million Holdings in Western Gas Partners, LP (NYSE:WES)

Raymond James Financial Services Advisors Inc. boosted its stake in Western Gas Partners, LP (NYSE:WES) by 43.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,455 shares of the pipeline company’s stock after buying an additional 12,195 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Western Gas Partners, were worth $2,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WES. Chicago Partners Investment Group LLC boosted its stake in Western Gas Partners, by 60.2% during the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock valued at $139,000 after buying an additional 900 shares in the last quarter. Pathstone Family Office LLC bought a new position in Western Gas Partners, during the second quarter valued at about $136,000. Oppenheimer Asset Management Inc. bought a new position in Western Gas Partners, during the first quarter valued at about $181,000. Biondo Investment Advisors LLC bought a new position in Western Gas Partners, during the second quarter valued at about $232,000. Finally, Signature Financial Management Inc. boosted its stake in Western Gas Partners, by 9.6% during the second quarter. Signature Financial Management Inc. now owns 3,725 shares of the pipeline company’s stock valued at $208,000 after buying an additional 325 shares in the last quarter. 59.60% of the stock is currently owned by hedge funds and other institutional investors.



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Western Gas Partners, LP (NYSE WES) traded up 1.70% during midday trading on Friday, hitting $47.88. The stock had a trading volume of 963,235 shares. The firm has a market cap of $7.31 billion, a P/E ratio of 34.22 and a beta of 1.17. The stock has a 50-day moving average of $50.90 and a 200-day moving average of $53.68. Western Gas Partners, LP has a 52 week low of $45.59 and a 52 week high of $67.44.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Thursday, November 2nd will be issued a $0.905 dividend. This represents a $3.62 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Wednesday, November 1st. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.89. Western Gas Partners,’s payout ratio is 256.12%.

A number of research firms recently weighed in on WES. Zacks Investment Research upgraded Western Gas Partners, from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Saturday. Stifel Nicolaus upgraded Western Gas Partners, from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday. Scotiabank reiterated a “hold” rating and issued a $61.00 price target on shares of Western Gas Partners, in a research report on Wednesday. Seaport Global Securities began coverage on Western Gas Partners, in a research report on Tuesday, October 10th. They issued a “buy” rating and a $64.00 price target for the company. Finally, BidaskClub lowered Western Gas Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Western Gas Partners, currently has an average rating of “Hold” and a consensus target price of $60.64.

Western Gas Partners, Company Profile

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.

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

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