First Reserve Gp Xi INC Has Trimmed Its Western Gas Partners LP (WES) Holding by $15.59 Million; Market Valuation Declined

December 8, 2017 - By Marie Mckinney

Investors sentiment increased to 1.45 in 2017 Q2. Its up 0.27, from 1.18 in 2017Q1. It improved, as 16 investors sold WES shares while 46 reduced holdings. 22 funds opened positions while 68 raised stakes. 73.26 million shares or 5.69% more from 69.32 million shares in 2017Q1 were reported. Northern Tru Corp holds 33,588 shares. Magnetar Financial Ltd Liability invested in 1.13% or 1.14M shares. Stifel Financial Corp has 0.01% invested in Western Gas Partners, LP (NYSE:WES). First Reserve Grp Xi Inc, a Connecticut-based fund reported 338,370 shares. Salient Tru Lta holds 0.03% or 3,975 shares. 2,000 are held by Evercore Wealth Management Llc. Alps Advsr Inc holds 2.86% or 7.32M shares. Barrington Strategic Wealth Mngmt Grp Limited Com stated it has 15,825 shares. Northwestern Mutual Wealth Mngmt reported 0% stake. Linscomb And Williams invested 0.05% of its portfolio in Western Gas Partners, LP (NYSE:WES). 73,726 were accumulated by Geneva Advsr Ltd Com. Glenmede Tru Company Na has invested 0.03% in Western Gas Partners, LP (NYSE:WES). Citadel Advsrs Ltd Liability Company stated it has 0% in Western Gas Partners, LP (NYSE:WES). Miller Howard Invests Inc owns 1.18M shares or 1.32% of their US portfolio. Center Coast Advisors Limited Partnership owns 2.43M shares.

First Reserve Gp Xi Inc decreased its stake in Western Gas Partners Lp (WES) by 45.58% based on its latest 2017Q2 regulatory filing with the SEC. First Reserve Gp Xi Inc sold 283,400 shares as the company’s stock declined 13.68% while stock markets rallied. The institutional investor held 338,370 shares of the public utilities company at the end of 2017Q2, valued at $18.93M, down from 621,770 at the end of the previous reported quarter. First Reserve Gp Xi Inc who had been investing in Western Gas Partners Lp for a number of months, seems to be less bullish one the $7.15B market cap company. The stock increased 2.86% or $1.28 during the last trading session, reaching $46.08. About 490,168 shares traded. Western Gas Partners, LP (NYSE:WES) has risen 10.32% since December 8, 2016 and is uptrending. It has underperformed by 6.38% the S&P500.

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on February, 28. They expect $0.45 earnings per share, up 28.57 % or $0.10 from last year’s $0.35 per share. WES’s profit will be $69.83M for 25.60 P/E if the $0.45 EPS becomes a reality. After $0.38 actual earnings per share reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 18.42 % EPS growth.

More news for Western Gas Partners, LP (NYSE:WES) were recently published by: Prnewswire.com, which released: “Western Gas To Present At Upcoming Wells Fargo Conference” on December 01, 2017. Streetinsider.com‘s article titled: “Western Gas Partners LP (WES) and Western Gas Equity Partners, LP (WGP) Offer …” and published on December 05, 2017 is yet another important article.

Western Gas Partners, LP (NYSE:WES) Ratings Coverage

Among 17 analysts covering Western Gas Partners (NYSE:WES), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. Western Gas Partners had 38 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, April 21 by Macquarie Research. Morgan Stanley initiated Western Gas Partners, LP (NYSE:WES) on Thursday, February 25 with “Equal-Weight” rating. The stock has “Buy” rating by RBC Capital Markets on Sunday, August 20. Citigroup maintained Western Gas Partners, LP (NYSE:WES) rating on Thursday, April 7. Citigroup has “Neutral” rating and $45 target. The stock of Western Gas Partners, LP (NYSE:WES) earned “Neutral” rating by Bank of America on Tuesday, January 12. The stock of Western Gas Partners, LP (NYSE:WES) has “Overweight” rating given on Wednesday, March 30 by JP Morgan. Stifel Nicolaus maintained Western Gas Partners, LP (NYSE:WES) rating on Thursday, August 31. Stifel Nicolaus has “Hold” rating and $56.0 target. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 26. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, November 2 report. RBC Capital Markets maintained it with “Buy” rating and $69.0 target in Sunday, October 29 report.

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