Heronetta Management buys $743,580 stake in Western Gas Equity Partners LP (WGP)

Western Gas Equity Partners LP (WGP) : Heronetta Management scooped up 5,000 additional shares in Western Gas Equity Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 20,400 shares of Western Gas Equity Partners LP which is valued at $743,580.Western Gas Equity Partners LP makes up approximately 0.41% of Heronetta Management’s portfolio.

Other Hedge Funds, Including , Mosaic Family Wealth reduced its stake in WGP by selling 224 shares or 6.08% in the most recent quarter. The Hedge Fund company now holds 3,463 shares of WGP which is valued at $126,226. Western Gas Equity Partners LP makes up approx 0.06% of Mosaic Family Wealth’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in WGP in the latest quarter, The investment management firm added 81,789 additional shares and now holds a total of 950,601 shares of Western Gas Equity Partners LP which is valued at $34,649,406. Western Gas Equity Partners LP makes up approx 0.66% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Tortoise Capital Advisors L.l.c. boosted its stake in WGP in the latest quarter, The investment management firm added 349,553 additional shares and now holds a total of 2,844,706 shares of Western Gas Equity Partners LP which is valued at $103,689,534. Western Gas Equity Partners LP makes up approx 0.72% of Tortoise Capital Advisors L.l.c.’s portfolio.Chicago Partners Investment Group reduced its stake in WGP by selling 335 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 7,070 shares of WGP which is valued at $255,793. Western Gas Equity Partners LP makes up approx 0.12% of Chicago Partners Investment Group’s portfolio. Jacobus Wealth Management sold out all of its stake in WGP during the most recent quarter. The investment firm sold 19,190 shares of WGP which is valued $702,738.

Western Gas Equity Partners LP closed down -0.1 points or -0.27% at $36.77 with 1,92,266 shares getting traded on Thursday. Post opening the session at $36.09, the shares hit an intraday low of $36.09 and an intraday high of $36.93 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Western Gas Equity Partners LP reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $383.14 million for the quarter, compared to analysts expectations of $407.02 million. The company’s revenue was down -12.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.19 EPS.

Western Gas Equity Partners LP (WGP) owns operates acquires and develops midstream energy assets. Through its subsidiary Western Gas Partners LP (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) and its consolidated subsidiaries as well as third-party producers and customers. WES’s assets are located in the Rocky Mountains (Colorado Utah and Wyoming) the Mid-Continent (Kansas and Oklahoma) North-central Pennsylvania and Texas. WES’s operations and activities are managed by its general partner WES GP which is its wholly owned subsidiary. Anadarko which owns its general partner WGP GP and an 88.3% limited partner interest is an oil and gas exploration and production company.

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