Citizens Financial Group Inc. RI Invests $222,000 in Western Midstream Partners, LP (NYSE:WES)

Citizens Financial Group Inc. RI acquired a new stake in Western Midstream Partners, LP (NYSE:WES) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,770 shares of the pipeline company’s stock, valued at approximately $222,000.

Other institutional investors also recently bought and sold shares of the company. Chickasaw Capital Management LLC lifted its stake in shares of Western Midstream Partners by 1.5% during the fourth quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company’s stock worth $259,610,000 after buying an additional 99,518 shares during the period. Kayne Anderson Capital Advisors LP grew its stake in Western Midstream Partners by 23.5% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 6,228,448 shares of the pipeline company’s stock valued at $238,300,000 after purchasing an additional 1,184,597 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Western Midstream Partners by 60.1% in the third quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock valued at $68,298,000 after purchasing an additional 670,440 shares during the period. Recurrent Investment Advisors LLC increased its holdings in shares of Western Midstream Partners by 5.4% in the third quarter. Recurrent Investment Advisors LLC now owns 1,397,140 shares of the pipeline company’s stock valued at $53,455,000 after purchasing an additional 71,210 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Western Midstream Partners by 6.5% in the third quarter. BNP Paribas Financial Markets now owns 996,018 shares of the pipeline company’s stock worth $38,108,000 after purchasing an additional 60,603 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a report on Monday, December 9th. UBS Group dropped their target price on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Western Midstream Partners currently has a consensus rating of “Hold” and an average target price of $38.43.

Western Midstream Partners Stock Up 3.7 %

Western Midstream Partners stock opened at $41.04 on Friday. Western Midstream Partners, LP has a 12 month low of $33.42 and a 12 month high of $43.33. The stock has a market capitalization of $15.65 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $40.58 and a 200-day simple moving average of $39.29.

Western Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 8.53%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s payout ratio is 86.85%.

About Western Midstream Partners

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.