Western Gas Partners (WES) Debt Trading 1% Lower

An issue of Western Gas Partners, LP (NYSE:WES) debt fell 1% as a percentage of its face value during trading on Friday. The high-yield debt issue has a 5.3% coupon and is set to mature on March 1, 2048. The debt is now trading at $91.39 and was trading at $91.52 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.

WES has been the subject of a number of recent research reports. ValuEngine raised Western Gas Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. Zacks Investment Research raised Western Gas Partners from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, February 20th. Stifel Nicolaus lowered Western Gas Partners from a “buy” rating to a “hold” rating and lowered their target price for the company from $56.00 to $45.00 in a research note on Friday, December 21st. Wells Fargo & Co reissued a “hold” rating on shares of Western Gas Partners in a research note on Tuesday, February 19th. Finally, M Partners boosted their target price on Western Gas Partners from $42.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $50.09.

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NYSE:WES traded down $0.40 during mid-day trading on Friday, reaching $31.73. 3,387,700 shares of the company’s stock traded hands, compared to its average volume of 794,565. Western Gas Partners, LP has a 12-month low of $25.89 and a 12-month high of $38.62. The company has a market cap of $7.05 billion, a PE ratio of 12.64 and a beta of 1.55. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.63.

Western Gas Partners (NYSE:WES) last announced its quarterly earnings results on Thursday, February 14th. The pipeline company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.65). Western Gas Partners had a net margin of 19.06% and a return on equity of 11.72%. The business had revenue of $557.79 million for the quarter, compared to analysts’ expectations of $521.78 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. Analysts expect that Western Gas Partners, LP will post 2.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Friday, February 1st were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date was Thursday, January 31st. This is an increase from Western Gas Partners’s previous quarterly dividend of $0.97. Western Gas Partners’s payout ratio is currently 96.02%.

A number of large investors have recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Western Gas Partners by 8.9% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 16,295,738 shares of the pipeline company’s stock worth $711,798,000 after acquiring an additional 1,333,515 shares during the period. Alps Advisors Inc. grew its stake in shares of Western Gas Partners by 12.6% in the 4th quarter. Alps Advisors Inc. now owns 9,954,452 shares of the pipeline company’s stock worth $420,377,000 after buying an additional 1,115,194 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Western Gas Partners by 53.2% in the 3rd quarter. OppenheimerFunds Inc. now owns 5,599,235 shares of the pipeline company’s stock worth $244,575,000 after buying an additional 1,944,940 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Western Gas Partners by 40.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,509,650 shares of the pipeline company’s stock worth $153,302,000 after buying an additional 1,017,349 shares during the last quarter. Finally, RR Advisors LLC grew its stake in shares of Western Gas Partners by 73.8% in the 3rd quarter. RR Advisors LLC now owns 2,018,000 shares of the pipeline company’s stock worth $88,230,000 after buying an additional 857,000 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

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About Western Gas Partners (NYSE:WES)

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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Insider Selling: Snap Inc (SNAP) Director Sells 58,668 Shares of Stock

Snap Inc (NYSE:SNAP) Director Michael Lynton sold 58,668 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $11.00, for a total value of $645,348.00. Following the transaction, the director now directly owns 126,817 shares in the company, valued at approximately $1,394,987. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of SNAP stock traded down $0.12 during trading on Friday, reaching $11.16. 51,633,072 shares of the company’s stock were exchanged, compared to its average volume of 29,222,752. The firm has a market capitalization of $13.05 billion, a PE ratio of -11.51 and a beta of 1.14. Snap Inc has a twelve month low of $4.82 and a twelve month high of $17.24.

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Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, February 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.15. The business had revenue of $389.82 million during the quarter, compared to the consensus estimate of $378.90 million. Snap had a negative return on equity of 46.90% and a negative net margin of 106.39%. The firm’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) EPS. As a group, research analysts predict that Snap Inc will post -0.69 EPS for the current fiscal year.

Several research analysts have weighed in on SNAP shares. Zacks Investment Research raised Snap from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Monday, February 18th. Citigroup raised Snap from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a research report on Monday, January 14th. Goldman Sachs Group lowered Snap from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $6.00 in a research report on Friday, January 4th. BTIG Research raised Snap from a “sell” rating to a “neutral” rating in a research report on Thursday, December 20th. Finally, Royal Bank of Canada lowered Snap from an “outperform” rating to a “sector perform” rating and set a $5.78 price target on the stock. in a research report on Wednesday, January 16th. Four analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.85.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC boosted its stake in Snap by 306.5% in the 4th quarter. FNY Investment Advisers LLC now owns 5,000 shares of the company’s stock valued at $27,000 after purchasing an additional 3,770 shares during the period. Edge Wealth Management LLC boosted its stake in Snap by 1,173.7% in the 4th quarter. Edge Wealth Management LLC now owns 5,426 shares of the company’s stock valued at $30,000 after purchasing an additional 5,000 shares during the period. Atlas Capital Advisors LLC bought a new stake in Snap in the 4th quarter valued at $41,000. Wedbush Securities Inc. bought a new stake in Snap in the 4th quarter valued at $55,000. Finally, Sigma Planning Corp bought a new stake in Snap in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

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Snap Company Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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Best Safest Stocks To Own For 2019: Aqua America, Inc.(WTR)

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  The business also recently announced a mar 19 dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a $0.219 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a dividend yield of 2.5%. Aqua America’s dividend payout ratio (DPR) is 64.23%.

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  About Aqua America

• [By Max Byerly]

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  ValuEngine upgraded shares of Aqua America (NYSE:WTR) from a hold rating to a buy rating in a report released on Friday.

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