Western Gas Partners LP (WES) Holder Magnetar Financial LLC Has Lowered Holding by $24.75 Million

Western Gas Partners, LP (NYSE:WES) LogoInvestors sentiment decreased to 0.92 in Q2 2018. Its down 0.29, from 1.21 in 2018Q1. It is negative, as 18 investors sold WES shares while 57 reduced holdings. 17 funds opened positions while 52 raised stakes. 85.41 million shares or 4.43% less from 89.37 million shares in 2018Q1 were reported. Metropolitan Life Insur Communications stated it has 225,722 shares. Advisory owns 955,362 shares. Walleye Trading Ltd Liability reported 0.01% stake. Blair William And Il holds 99,195 shares. Hilton Management has 0.26% invested in Western Gas Partners, LP (NYSE:WES). Winslow Evans And Crocker Incorporated holds 0.02% or 1,000 shares. Natl Registered Investment Advisor Incorporated invested 0.24% in Western Gas Partners, LP (NYSE:WES). The Kansas-based Mariner Limited Liability Co has invested 0.09% in Western Gas Partners, LP (NYSE:WES). Lpl Fincl Limited Com invested 0% in Western Gas Partners, LP (NYSE:WES). Heronetta Mngmt Limited Partnership holds 152,900 shares. Invesco Limited accumulated 0% or 140,986 shares. Suntrust Banks holds 14,507 shares. First Manhattan holds 3,800 shares. Clinton reported 33,423 shares. Moreover, Kayne Anderson Capital Advsr Ltd Partnership has 5.83% invested in Western Gas Partners, LP (NYSE:WES).

Magnetar Financial Llc decreased its stake in Western Gas Partners Lp (WES) by 30.91% based on its latest 2018Q2 regulatory filing with the SEC. Magnetar Financial Llc sold 515,704 shares as the company’s stock declined 0.20% while stock markets rallied. The hedge fund held 1.15 million shares of the public utilities company at the end of 2018Q2, valued at $55.79M, down from 1.67 million at the end of the previous reported quarter. Magnetar Financial Llc who had been investing in Western Gas Partners Lp for a number of months, seems to be less bullish one the $7.05B market cap company. The stock increased 0.33% or $0.15 during the last trading session, reaching $45.42. About 702,711 shares traded. Western Gas Partners, LP (NYSE:WES) has declined 0.02% since December 8, 2017 and is downtrending. It has underperformed by 15.64% the S&P500.

Magnetar Financial Llc, which manages about $13.74B and $5.18B US Long portfolio, upped its stake in Gramercy Ppty Tr by 7.46M shares to 7.47M shares, valued at $204.15 million in 2018Q2, according to the filing. It also increased its holding in Cavium Inc (NASDAQ:CAVM) by 138,168 shares in the quarter, for a total of 2.82 million shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on February, 21. They expect $0.76 EPS, up 94.87 % or $0.37 from last year’s $0.39 per share. WES’s profit will be $117.95M for 14.94 P/E if the $0.76 EPS becomes a reality. After $0.39 actual EPS reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 94.87 % EPS growth.

More notable recent Western Gas Partners, LP (NYSE:WES) news were published by: Bizjournals.com which released: “Here’s what Anadarko is paying its newly promoted executives – Houston Business Journal” on November 21, 2018, also Seekingalpha.com with their article: “Western Gas Partners, L.P. 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” published on November 04, 2018, Seekingalpha.com published: “Western Gas Partners, Western Gas Equity Partners to merge – Seeking Alpha” on November 08, 2018. More interesting news about Western Gas Partners, LP (NYSE:WES) were released by: Seekingalpha.com and their article: “Williams Companies Moving Back Into The Delaware Basin – Seeking Alpha” published on November 19, 2018 as well as Seekingalpha.com‘s news article titled: “Western Gas Partners, L.P. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” with publication date: August 01, 2018.

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

Among 7 analysts covering Western Gas Partners (NYSE:WES), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Western Gas Partners had 11 analyst reports since June 12, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse on Monday, November 12 with “Neutral”. As per Friday, August 17, the company rating was maintained by Morgan Stanley. The firm earned “Equal-Weight” rating on Friday, October 12 by Barclays Capital. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 2. Wells Fargo maintained Western Gas Partners, LP (NYSE:WES) on Monday, September 24 with “Market Perform” rating. Citigroup maintained it with “Buy” rating and $56 target in Tuesday, July 31 report. Barclays Capital maintained the shares of WES in report on Tuesday, June 12 with “Equal-Weight” rating. As per Wednesday, November 7, the company rating was upgraded by Bank of America. The rating was maintained by Bank of America on Monday, October 1 with “Neutral”. The stock of Western Gas Partners, LP (NYSE:WES) has “Equal-Weight” rating given on Wednesday, August 29 by Barclays Capital.

Western Gas Partners, LP (NYSE:WES) Institutional Positions Chart

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