Spirit of America Management Corp NY maintained its stake in shares of Western Gas Equity Partners L.P. (NYSE:WGP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,573 shares of the company’s stock at the end of the third quarter. Spirit of America Management Corp NY’s holdings in Western Gas Equity Partners L.P. were worth $4,783,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in Western Gas Equity Partners L.P. by 19.2% in the second quarter. Neuberger Berman Group LLC now owns 6,196,067 shares of the company’s stock valued at $237,000,000 after buying an additional 999,529 shares during the last quarter. Chickasaw Capital Management LLC increased its stake in Western Gas Equity Partners L.P. by 8.8% in the second quarter. Chickasaw Capital Management LLC now owns 4,438,151 shares of the company’s stock valued at $169,759,000 after buying an additional 360,545 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in Western Gas Equity Partners L.P. by 14.0% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,844,706 shares of the company’s stock valued at $108,810,000 after buying an additional 349,553 shares during 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 during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in Western Gas Equity Partners L.P. by 7.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,087,637 shares of the company’s stock valued at $41,593,000 after buying an additional 76,761 shares during the last quarter. 18.98% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Western Gas Equity Partners L.P. (NYSE:WGP)

Shares of Western Gas Equity Partners L.P. (NYSE:WGP) traded up 4.07% during midday trading on Wednesday, reaching $42.94. The company had a trading volume of 293,701 shares. The company has a 50 day moving average of $43.21 and a 200 day moving average of $40.00. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 42.73 and a beta of 1.63. Western Gas Equity Partners L.P. has a 12-month low of $19.21 and a 12-month high of $46.38.

The company also recently declared a dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Monday, October 31st were issued a dividend of $0.447 per share. The ex-dividend date of this dividend was Thursday, October 27th. This is a boost from Western Gas Equity Partners L.P.’s previous dividend of $0.43. Western Gas Equity Partners L.P.’s dividend payout ratio (DPR) is currently 177.23%.

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WGP has been the subject of several research reports. Zacks Investment Research raised shares of Western Gas Equity Partners L.P. from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, October 11th. RBC Capital Markets reissued an “outperform” rating and issued a $48.00 price target (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 reissued a “hold” rating and issued a $44.00 price target on shares of Western Gas Equity Partners L.P. in a research report on Thursday, October 6th. Barclays PLC raised shares of Western Gas Equity Partners L.P. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $48.00 to $52.00 in a research report on Monday, October 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Western Gas Equity Partners L.P. from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.00.

Western Gas Equity Partners L.P. Company Profile

Western Gas Equity Partners, LP (WGP) is a limited partnership formed in to own approximately three types of partnership interests in Western Gas Partners, LP (WES). WES owns, operates, acquires and develops midstream energy assets. Through its subsidiary WES, the Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil for Anadarko Petroleum Corporation (Anadarko).

5 Day Chart for NYSE:WGP

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