Barclays Plc Cut Its Position in Western Gas Partners LP (WES) by $6.34 Million as Stock Declined

October 2, 2018 - By Winifred Garcia

Western Gas Partners, LP (NYSE:WES) LogoInvestors sentiment decreased to 0.92 in 2018 Q2. Its down 0.29, from 1.21 in 2018Q1. It fall, 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. Freestone Capital Holdings holds 0.04% in Western Gas Partners, LP (NYSE:WES) or 116,697 shares. Cadence Cap Mgmt Ltd Limited Liability Company holds 0.86% or 298,995 shares. Deutsche Bancorp Ag holds 0.01% or 437,818 shares. Conning invested 0.08% of its portfolio in Western Gas Partners, LP (NYSE:WES). Manufacturers Life Co The holds 4,330 shares. Jpmorgan Chase And invested in 2.49 million shares or 0.02% of the stock. Alps Advsrs Inc stated it has 8.33M shares. 14.96M are owned by Tortoise Limited Liability Corp. Security Trust holds 5,000 shares or 0.08% of its portfolio. Ameriprise Inc has 17,367 shares for 0% of their portfolio. Hudock Capital Group Ltd Com accumulated 0.01% or 424 shares. Van Eck Associates Corp, New York-based fund reported 17,516 shares. Registered Advisor holds 10,150 shares or 0.24% of its portfolio. Silvercrest Asset Mgmt Gru Ltd Liability Co stated it has 0.11% of its portfolio in Western Gas Partners, LP (NYSE:WES). Hite Hedge Asset Management Lc owns 123,962 shares.

Barclays Plc decreased its stake in Western Gas Partners Lp (WES) by 6.68% based on its latest 2018Q2 regulatory filing with the SEC. Barclays Plc sold 132,177 shares as the company’s stock declined 0.20% while stock markets rallied. The institutional investor held 1.85 million shares of the public utilities company at the end of 2018Q2, valued at $89.39 million, down from 1.98M at the end of the previous reported quarter. Barclays Plc who had been investing in Western Gas Partners Lp for a number of months, seems to be less bullish one the $6.94 billion market cap company. The stock decreased 0.78% or $0.35 during the last trading session, reaching $44.69. About 244,768 shares traded. Western Gas Partners, LP (NYSE:WES) has declined 0.02% since October 2, 2017 and is downtrending. It has underperformed by 15.64% the S&P500.

Barclays Plc, which manages about $116.40 billion US Long portfolio, upped its stake in Invesco Ltd (NYSE:IVZ) by 485,419 shares to 600,619 shares, valued at $15.95M in 2018Q2, according to the filing. It also increased its holding in Morgan Stanley (Put) (NYSE:MS) by 678,300 shares in the quarter, for a total of 1.15M shares, and has risen its stake in Cisco Sys Inc (NASDAQ:CSCO).

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on October, 30. They expect $0.67 earnings per share, up 76.32 % or $0.29 from last year’s $0.38 per share. WES’s profit will be $103.99 million for 16.68 P/E if the $0.67 EPS becomes a reality. After $-0.32 actual earnings per share reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts -309.38 % EPS growth.

Another recent and important Western Gas Partners, LP (NYSE:WES) news was published by Seekingalpha.com which published an article titled: “Week Thoughts: Update From Zombieland” on October 01, 2018.

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

Among 8 analysts covering Western Gas Partners (NYSE:WES), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Western Gas Partners had 12 analyst reports since April 9, 2018 according to SRatingsIntel. Morgan Stanley maintained Western Gas Partners, LP (NYSE:WES) rating on Friday, August 17. Morgan Stanley has “Equal-Weight” rating and $51 target. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, April 17 report. The firm earned “Market Perform” rating on Monday, September 24 by Wells Fargo. The stock of Western Gas Partners, LP (NYSE:WES) earned “Buy” rating by Stifel Nicolaus on Thursday, August 2. Citigroup maintained the shares of WES in report on Tuesday, July 31 with “Buy” rating. The stock of Western Gas Partners, LP (NYSE:WES) earned “Neutral” rating by Seaport Global on Monday, April 9. Bank of America maintained Western Gas Partners, LP (NYSE:WES) on Tuesday, June 5 with “Neutral” rating. Barclays Capital maintained Western Gas Partners, LP (NYSE:WES) rating on Tuesday, June 12. Barclays Capital has “Equal-Weight” rating and $49 target. The stock has “Neutral” rating by Bank of America on Monday, October 1. On Thursday, May 3 the stock rating was maintained by Stifel Nicolaus with “Buy”.

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

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