Western Gas Equity Partners, LP (WGP) Shares Bought by ING Groep NV

ING Groep NV raised its holdings in Western Gas Equity Partners, LP (NYSE:WGP) by 360.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 230,000 shares of the pipeline company’s stock after buying an additional 180,000 shares during the quarter. ING Groep NV owned about 0.11% of Western Gas Equity Partners, worth $9,471,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Linscomb & Williams Inc. raised its stake in Western Gas Equity Partners, by 0.4% in the second quarter. Linscomb & Williams Inc. now owns 10,325 shares of the pipeline company’s stock valued at $444,000 after buying an additional 45 shares during the last quarter. Signature Financial Management Inc. raised its stake in Western Gas Equity Partners, by 0.7% in the second quarter. Signature Financial Management Inc. now owns 7,600 shares of the pipeline company’s stock valued at $327,000 after buying an additional 50 shares during the last quarter. Keybank National Association OH raised its stake in Western Gas Equity Partners, by 5.1% in the second quarter. Keybank National Association OH now owns 9,085 shares of the pipeline company’s stock valued at $391,000 after buying an additional 440 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Western Gas Equity Partners, by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,598 shares of the pipeline company’s stock valued at $284,000 after buying an additional 452 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Western Gas Equity Partners, by 1.5% in the second quarter. California Public Employees Retirement System now owns 34,300 shares of the pipeline company’s stock valued at $1,476,000 after buying an additional 500 shares during the last quarter. Institutional investors own 17.30% of the company’s stock.

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A number of research firms have commented on WGP. Zacks Investment Research cut Western Gas Equity Partners, from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Morgan Stanley cut their price objective on Western Gas Equity Partners, from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Scotiabank reissued a “buy” rating and issued a $51.00 price objective on shares of Western Gas Equity Partners, in a report on Wednesday, October 25th. TheStreet lowered Western Gas Equity Partners, from a “b” rating to a “c+” rating in a report on Monday, October 16th. Finally, Seaport Global Securities began coverage on Western Gas Equity Partners, in a report on Tuesday, October 10th. They issued a “buy” rating and a $49.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.67.

Shares of Western Gas Equity Partners, LP (WGP) traded down $0.16 during mid-day trading on Thursday, hitting $36.22. The stock had a trading volume of 76,400 shares, compared to its average volume of 156,540. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $7,964.79, a price-to-earnings ratio of 21.92 and a beta of 1.55. Western Gas Equity Partners, LP has a fifty-two week low of $35.56 and a fifty-two week high of $47.82.

Western Gas Equity Partners, (NYSE:WGP) last announced its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $574.70 million for the quarter, compared to analyst estimates of $530.80 million. Western Gas Equity Partners, had a return on equity of 8.99% and a net margin of 16.96%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. equities analysts expect that Western Gas Equity Partners, LP will post 1.7 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 2nd were issued a dividend of $0.5375 per share. This represents a $2.15 annualized dividend and a yield of 5.94%. This is a positive change from Western Gas Equity Partners,’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, November 1st. Western Gas Equity Partners,’s dividend payout ratio (DPR) is 130.30%.

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.

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

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