Center Coast Capital Advisors Lp buys $199,221,785 stake in Western Gas Partners LP (WES)

Western Gas Partners LP (WES) : Center Coast Capital Advisors Lp scooped up 471,622 additional shares in Western Gas Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 3,998,029 shares of Western Gas Partners LP which is valued at $199,221,785.Western Gas Partners LP makes up approximately 6.05% of Center Coast Capital Advisors Lp’s portfolio.

Western Gas Partners LP opened for trading at $49.59 and hit $50.77 on the upside on Friday, eventually ending the session at $49.83, with a gain of 0.46% or 0.23 points. The heightened volatility saw the trading volume jump to 2,69,234 shares. Company has a market cap of $6,976 M.

Other Hedge Funds, Including , Country Club Trust Company N.a. sold out all of its stake in WES during the most recent quarter. The investment firm sold 11,798 shares of WES which is valued $530,320.Creative Planning boosted its stake in WES in the latest quarter, The investment management firm added 48,488 additional shares and now holds a total of 80,204 shares of Western Gas Partners LP which is valued at $3,484,864. Western Gas Partners LP makes up approx 0.03% of Creative Planning’s portfolio.Mai Capital Management reduced its stake in WES by selling 3,546 shares or 3.84% in the most recent quarter. The Hedge Fund company now holds 88,915 shares of WES which is valued at $3,863,357. Western Gas Partners LP makes up approx 0.32% of Mai Capital Management’s portfolio.

On the company’s financial health, Western Gas Partners LP reported $-1.60 EPS for the quarter, missing the analyst consensus estimate by $ -1.93 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.33. The company had revenue of $371.29 million for the quarter, compared to analysts expectations of $386.74 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Western Gas Partners LP. Western Gas Partners LP was Initiated by Drexel Hamilton to “Buy” on Apr 7, 2016. Western Gas Partners LP was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016. Company shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .

Western Gas Partners LP (the Partnership) is a master limited partnership (MLP) that owns operates acquires and develops midstream energy assets. The Partnership 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) and its consolidated subsidiaries as well as third-party producers and customers. Anadarko is an independent oil and gas exploration and production company engaged in upstream oil and gas business and explores for and produces natural gas crude oil condensate and NGLs. The Partnership’s services include gathering stabilization compression treating and dehydration processing fractionation and storage transportation and marketing.

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