Sei Investments Co. Raises Position in Western Gas Partners, LP (WES)

Sei Investments Co. boosted its position in shares of Western Gas Partners, LP (NYSE:WES) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 18,100 shares of the pipeline company’s stock after buying an additional 100 shares during the period. Sei Investments Co.’s holdings in Western Gas Partners, were worth $1,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brookfield Asset Management Inc. raised its position in shares of Western Gas Partners, by 79.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 627,908 shares of the pipeline company’s stock worth $36,896,000 after buying an additional 278,000 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Western Gas Partners, by 2.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 169,958 shares of the pipeline company’s stock worth $9,987,000 after buying an additional 3,862 shares during the period. Suntrust Banks Inc. bought a new stake in shares of Western Gas Partners, during the first quarter worth about $201,000. Spirit of America Management Corp NY increased its stake in shares of Western Gas Partners, by 4.7% in the first quarter. Spirit of America Management Corp NY now owns 399,269 shares of the pipeline company’s stock worth $24,135,000 after buying an additional 18,100 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Western Gas Partners, by 342.4% in the first quarter. First Trust Advisors LP now owns 178,726 shares of the pipeline company’s stock worth $10,804,000 after buying an additional 138,324 shares during the period. Institutional investors own 57.88% of the company’s stock.

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

Shares of Western Gas Partners, LP (WES) opened at 54.40 on Friday. The company’s 50 day moving average price is $55.85 and its 200-day moving average price is $59.19. Western Gas Partners, LP has a 12 month low of $45.12 and a 12 month high of $67.44. The firm has a market capitalization of $7.70 billion, a P/E ratio of 37.94 and a beta of 1.17.

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WES has been the subject of a number of recent research reports. Bank of America Corporation downgraded Western Gas Partners, from a “neutral” rating to an “underperform” rating and set a $61.00 target price for the company. in a research note on Monday, February 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $69.00 target price on shares of Western Gas Partners, in a research note on Friday, April 7th. Guggenheim initiated coverage on Western Gas Partners, in a research note on Monday, April 17th. They issued a “buy” rating and a $68.00 target price for the company. Macquarie initiated coverage on Western Gas Partners, in a research note on Friday, April 21st. They issued an “outperform” rating and a $51.00 target price for the company. Finally, Citigroup Inc. raised their target price on Western Gas Partners, from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.00.

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.

Want to see what other hedge funds are holding WES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Gas Partners, LP (NYSE:WES).

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