Trade Report: Today, Western Gas Equity Partners L.P.’s (WGP) “Buy” Rating Reiterate at Barclays PLC

Today, Western Gas Equity Partners L.P.’s (WGP) “Buy” Rating Reiterate at Barclays PLC

Western Gas Equity Partners L.P. (NYSE:WGP)‘s stock had its “buy” rating restated by investment analysts at Barclays PLC in a research note issued to investors on Tuesday. They presently have a $52.00 target price on the stock. Barclays PLC’s price target would indicate a potential upside of 21.24% from the company’s current price.

A number of other brokerages have also recently issued reports on WGP. Zacks Investment Research upgraded shares of Western Gas Equity Partners L.P. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, October 11th. RBC Capital Markets restated an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Western Gas Equity Partners L.P. in a research report on Wednesday, October 12th. Deutsche Bank AG restated a “hold” rating and set a $44.00 target price on shares of Western Gas Equity Partners L.P. in a research report on Thursday, October 6th. Citigroup Inc. lifted their target price on shares of Western Gas Equity Partners L.P. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Finally, Janney Montgomery Scott initiated coverage on shares of Western Gas Equity Partners L.P. in a research report on Friday, July 29th. They set a “buy” rating and a $45.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.00.

Shares of Western Gas Equity Partners L.P. (NYSE:WGP) traded down 1.38% during trading on Tuesday, reaching $42.89. 42,192 shares of the company’s stock traded hands. The stock has a 50-day moving average of $43.20 and a 200-day moving average of $39.98. Western Gas Equity Partners L.P. has a 1-year low of $19.21 and a 1-year high of $46.38. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 42.68 and a beta of 1.63.

The business also recently declared a dividend, which was paid on Tuesday, November 22nd. Investors of record on Monday, October 31st were given a dividend of $0.447 per share. This is a positive change from Western Gas Equity Partners L.P.’s previous dividend of $0.43. The ex-dividend date was Thursday, October 27th. Western Gas Equity Partners L.P.’s dividend payout ratio is 177.23%.

A number of institutional investors have recently modified their holdings of WGP. Neuberger Berman Group LLC raised its position in shares of Western Gas Equity Partners L.P. by 43.4% in the third quarter. Neuberger Berman Group LLC now owns 8,883,015 shares of the company’s stock valued at $377,439,000 after buying an additional 2,686,948 shares during the period. Center Coast Capital Advisors LP increased its stake in Western Gas Equity Partners L.P. by 166,792.3% in the third quarter. Center Coast Capital Advisors LP now owns 891,205 shares of the company’s stock valued at $37,867,000 after buying an additional 890,671 shares in the last quarter. Citigroup Inc. increased its stake in Western Gas Equity Partners L.P. by 145.5% in the second quarter. Citigroup Inc. now owns 1,434,250 shares of the company’s stock valued at $54,860,000 after buying an additional 849,977 shares in the last quarter. Chickasaw Capital Management LLC increased its stake in Western Gas Equity Partners L.P. by 16.7% in the third quarter. Chickasaw Capital Management LLC now owns 5,179,631 shares of the company’s stock valued at $220,083,000 after buying an additional 741,480 shares in the last quarter. Finally, Credit Suisse AG increased its stake in Western Gas Equity Partners L.P. by 10,499.3% in the second quarter. Credit Suisse AG now owns 639,031 shares of the company’s stock valued at $24,443,000 after buying an additional 633,002 shares in the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

Western Gas Equity Partners L.P. Company Profile

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