Brookfield Reduces $428K in Western Midstream Partners, LP ($WES)
Key Points
- Brookfield changed its Western Midstream Partners, LP ($WES) stake by 1.45% last quarter, cutting to 671,010 shares worth $29.12 million.
- Wall Street's consensus rating on $WES is Buy and an average price target of $48.17.
- $WES last traded around $43.39.
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Brookfield trimmed its position in Western Midstream Partners, LP ($WES) by 1.45% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 671,010 shares of Western Midstream Partners, LP after selling 9,874 shares during the quarter. Brookfield's holdings in Western Midstream Partners, LP were worth $29.12 million as of its most recent filing.
Western Midstream Partners, LP Stock Down 10.2%
Shares of Western Midstream Partners, LP ($WES) traded around $43.39 on Saturday, down 10.2% for the day.
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About Western Midstream Partners, LP
Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. It also buys and sells residue, NGLs, and condensates. The company operates assets located in Texas, New Mexico, and the Rocky Mountains. It also provides water handling solutions. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.