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

Keybank National Association OH boosted its stake in Western Gas Equity Partners, LP (NYSE:WGP) by 70.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,485 shares of the pipeline company’s stock after acquiring an additional 6,400 shares during the period. Keybank National Association OH’s holdings in Western Gas Equity Partners, were worth $638,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WGP. Alliancebernstein L.P. raised its position in Western Gas Equity Partners, by 40.6% in the first quarter. Alliancebernstein L.P. now owns 9,293 shares of the pipeline company’s stock worth $428,000 after acquiring an additional 2,683 shares during the period. California Public Employees Retirement System raised its position in Western Gas Equity Partners, by 63.3% in the first quarter. California Public Employees Retirement System now owns 33,800 shares of the pipeline company’s stock worth $1,558,000 after acquiring an additional 13,100 shares during the period. Chickasaw Capital Management LLC raised its position in Western Gas Equity Partners, by 0.5% in the second quarter. Chickasaw Capital Management LLC now owns 5,109,279 shares of the pipeline company’s stock worth $219,801,000 after acquiring an additional 24,540 shares during the period. Lucas Capital Management raised its position in Western Gas Equity Partners, by 38.2% in the second quarter. Lucas Capital Management now owns 84,323 shares of the pipeline company’s stock worth $3,628,000 after acquiring an additional 23,319 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in Western Gas Equity Partners, by 6.4% in the second quarter. Chicago Partners Investment Group LLC now owns 13,906 shares of the pipeline company’s stock worth $594,000 after acquiring an additional 833 shares during the period. 17.77% of the stock is currently owned by institutional investors and hedge funds.



Western Gas Equity Partners, LP (NYSE:WGP) opened at $36.39 on Friday. The company has a market cap of $7,999.82, a P/E ratio of 22.01 and a beta of 1.55. Western Gas Equity Partners, LP has a 12 month low of $35.56 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 0.91.

Western Gas Equity Partners, (NYSE:WGP) last issued its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $530.80 million. Western Gas Equity Partners, had a net margin of 16.96% and a return on equity of 8.99%. Western Gas Equity Partners,’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. equities analysts forecast that Western Gas Equity Partners, LP will post 1.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 2nd will be paid a dividend of $0.5375 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $2.15 annualized dividend and a yield of 5.91%. This is a boost from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. Western Gas Equity Partners,’s payout ratio is currently 130.30%.

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Several analysts have recently issued reports on WGP shares. Scotiabank set a $51.00 price target on shares of Western Gas Equity Partners, and gave the company a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. BidaskClub raised shares of Western Gas Equity Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Western Gas Equity Partners, in a research report on Monday, August 21st. Finally, Seaport Global Securities started coverage on shares of Western Gas Equity Partners, in a research report on Tuesday, October 10th. They issued a “buy” rating and a $49.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $49.67.

About Western Gas Equity Partners,

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)

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