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Main » Shares in Western Gas Partners, LP (WES) Purchased by ING Groep NV

Shares in Western Gas Partners, LP (WES) Purchased by ING Groep NV

08 December 2017

Duff & Phelps Investment Management Co. now owns 731,000 shares of the pipeline company's stock valued at $37,486,000 after buying an additional 265,000 shares during the period. The stock increased 1.03% or $0.37 during the last trading session, reaching $36.34. About 225,841 shares traded.

More news for Western Gas Equity Partners, LP (NYSE:WGP) were recently published by: Prnewswire.com, which released: "Western Gas To Present At Upcoming Wells Fargo Conference" on December 01, 2017. It has outperformed by 30.01% the S&P500. Pennsylvania-based Cbre Clarion Ltd has invested 0.06% in Western Gas Partners, LP (NYSE:WES).

Ratings analysis reveals 33% of Littelfuse's analysts are positive. TheStreet downgraded Western Gas Partners from a "b-" rating to a "c+" rating in a report on Monday, November 6th. The company was maintained on Thursday, November 2 by Morgan Stanley. The stock of Western Gas Equity Partners, LP (NYSE:WGP) has "Neutral" rating given on Friday, June 17 by MUFG. The rating was downgraded by Stifel Nicolaus to "Hold" on Thursday, January 28. The rating was initiated by CapitalOne on Thursday, January 14 with "An Overweight". BidaskClub cut shares of Western Gas Partners from a "sell" rating to a "strong sell" rating in a research report on Wednesday, August 23rd. FBR Capital has "Outperform" rating and $72 target.

Brave Warrior Advisors Llc, which manages about $2.80 billion and $2.26 billion US Long portfolio, upped its stake in Antero Res Corp (NYSE:AR) by 866,092 shares to 11.46M shares, valued at $247.65 million in 2017Q2, according to the filing. Stein Mart Inc (NASDAQ:SMRT) was reduced too.

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Investors sentiment increased to 1.12 in Q2 2017. Its up 0.27, from 1.18 in 2017Q1. The types of partnership interests owned by WGP include the general partner interest in WES, held through Western Gas Holdings, LLC (WES GP); the incentive distribution rights (IDRs) in WES, which entitle WGP to receive increasing percentages, till approximately 48%, of any incremental cash distributed by WES as certain target distribution levels are reached in any quarter, and a limited partner interest in WES.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Deutsche Bancorp Ag has 0% invested in The E.W. Scripps Company (NYSE:SSP) for 239,900 shares. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91. State Street Corp invested in 7,423 shares or 0% of the stock. During the same period in the previous year, the company earned $0.54 earnings per share. Sg Americas Secs Ltd Liability Company accumulated 15,707 shares or 0% of the stock. Mai Mgmt holds 91,620 shares or 0.25% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,736 shares or 0% of all its holdings. Chickasaw Capital Mngmt Limited Liability Corp accumulated 5.11M shares or 4.59% of the stock. 52,046 were accumulated by Invesco Ltd. State Of Tennessee Treasury Department reported 0% stake. Northwestern Mutual Wealth Management stated it has 78 shares or 0% of all its holdings. Therefore 65% are positive.

Analysts await Sensata Technologies Holding N.V. (NYSE:ST) to report earnings on February, 1. The company's revenue was up 19.3% compared to the same quarter last year. research analysts predict that Western Gas Partners, LP will post 1.45 EPS for the current year. They set a "buy" rating and a $68.00 target price on the stock. Noble Financial maintained the shares of SSP in report on Monday, November 6 with "Buy" rating. The rating was maintained by Benchmark on Monday, November 7 with "Buy".

Investors sentiment decreased to 1.28 in 2017 Q2. Its up 0.27, from 1.18 in 2017Q1. Citigroup maintained the shares of WGP in report on Thursday, April 7 with "Neutral" rating. 40 funds opened positions while 88 raised stakes. First Trust has invested 0.04% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP).

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Western Gas Partners, (WES) traded up 0.72% during trading on Monday, hitting $56.13. Creative Planning reported 0.07% in Western Gas Partners, LP (NYSE:WES).

Hamilton Point Investment Advisors Llc holds 2.72% of its portfolio in Littelfuse, Inc. for 29,375 shares. Clearbridge Lc holds 0.15% or 2.72 million shares. Center Coast Advsr LP accumulated 823,207 shares or 0.9% of the stock. Winslow Evans & Crocker Incorporated invested in 1,600 shares or 0% of the stock. Andra Ap owns 44,300 shares. Metropolitan Life Ins New York has 175,722 shares for 0.07% of their portfolio. 419,608 are owned by Brookfield Asset Mngmt Incorporated. Texas Yale Capital Corp reported 20,250 shares. Duff & Phelps Investment Management Co. boosted its position in shares of Western Gas Partners by 56.9% during the third quarter. Salient Tru Lta invested 0.62% in Western Gas Equity Partners, LP (NYSE:WGP). 9,300 were accumulated by Raymond James Financial Services Advsrs. Pnc Finance Ser Grp reported 74,185 shares or 0% of all its holdings. It has underperformed by 6.38% the S&P500. Western Gas Partners had a net margin of 26.41% and a return on equity of 14.68%. The company has market cap of $4.42 billion. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. It has a 30.62 P/E ratio. This is an increase from Western Gas Partners's previous quarterly dividend of $0.89.

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