Todays Report: Today, M&T Bank Corp invests in 12,808 by buying Western Gas Partners, LP (WES) shares

Today, M&T Bank Corp invests in 12,808 by buying Western Gas Partners, LP (WES) shares

M&T Bank Corp increased its stake in shares of Western Gas Partners, LP (NYSE:WES) by 12.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 115,828 shares of the company’s stock after buying an additional 12,808 shares during the period. M&T Bank Corp owned 0.08% of Western Gas Partners, worth $6,376,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Western Gas Partners, by 9.0% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the company’s stock valued at $123,000 after buying an additional 202 shares during the period. Solaris Asset Management LLC boosted its stake in shares of Western Gas Partners, by 61.8% in the third quarter. Solaris Asset Management LLC now owns 2,750 shares of the company’s stock valued at $151,000 after buying an additional 1,050 shares during the period. Biondo Investment Advisors LLC bought a new stake in shares of Western Gas Partners, during the third quarter valued at about $204,000. CIBC Asset Management Inc bought a new stake in shares of Western Gas Partners, during the second quarter valued at about $208,000. Finally, Balentine LLC bought a new stake in shares of Western Gas Partners, during the second quarter valued at about $227,000.

Western Gas Partners, (NYSE:WES) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by $0.05. The firm earned $481.64 million during the quarter, compared to analyst estimates of $462.31 million. Western Gas Partners,’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, October 31st were issued a $0.845 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This is a boost from Western Gas Partners,’s previous quarterly dividend of $0.83. This represents a $3.38 dividend on an annualized basis and a yield of 5.93%.

WES has been the subject of several analyst reports. TheStreet lowered Western Gas Partners, from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Deutsche Bank AG reiterated a “buy” rating and set a $56.00 price objective on shares of Western Gas Partners, in a report on Thursday, October 6th. Zacks Investment Research upgraded Western Gas Partners, from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Wednesday, October 19th. Royal Bank Of Canada increased their price objective on Western Gas Partners, from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Tuesday, October 11th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Western Gas Partners, in a report on Thursday, July 28th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Western Gas Partners, currently has a consensus rating of “Hold” and a consensus price target of $54.06.

In related news, Director James R. Crane sold 129,914 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $50.86, for a total value of $6,607,426.04. Following the transaction, the director now directly owns 174,577 shares in the company, valued at $8,878,986.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Crane sold 6,715 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $50.01, for a total value of $335,817.15. Following the completion of the transaction, the director now owns 299,648 shares in the company, valued at $14,985,396.48. The disclosure for this sale can be found here.

Western Gas Partners, Company Profile

Related posts

Leave a Comment