Western Gas Equity Partners LP (WGP) Stake Has Boosted by Neuberger Berman Group Llc

December 7, 2017 - By Stephen Andrade

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.22, from 0.9 in 2017Q1. It increased, as 13 investors sold WGP shares while 28 reduced holdings. 9 funds opened positions while 37 raised stakes. 38.24 million shares or 1.47% less from 38.81 million shares in 2017Q1 were reported. Hollow Brook Wealth Mngmt Ltd Llc holds 67,876 shares or 2.01% of its portfolio. First Trust has invested 0.04% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP). Fort Washington Inv Advisors Oh stated it has 0.03% in Western Gas Equity Partners, LP (NYSE:WGP). Mai Mgmt holds 91,620 shares or 0.25% of its portfolio. Natixis reported 30,000 shares stake. Chickasaw Capital Mngmt Limited Liability Corp accumulated 5.11M shares or 4.59% of the stock. Creative Planning holds 443 shares. Lvw Advsrs Ltd Liability Corp invested 0.25% in Western Gas Equity Partners, LP (NYSE:WGP). Cohen Steers Incorporated stated it has 0.02% in Western Gas Equity Partners, LP (NYSE:WGP). Center Coast Advsr LP accumulated 823,207 shares or 0.9% of the stock. Royal Financial Bank Of Canada invested in 0% or 7,493 shares. Massachusetts Fincl Service Co Ma reported 0.02% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP). Manufacturers Life The reported 6,598 shares or 0% of all its holdings. Deutsche Bank Ag holds 0% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP) for 73,552 shares. Moreover, Silvercrest Asset Mngmt Group Lc has 0.06% invested in Western Gas Equity Partners, LP (NYSE:WGP).

Neuberger Berman Group Llc increased its stake in Western Gas Equity Partners Lp (WGP) by 4.27% based on its latest 2017Q2 regulatory filing with the SEC. Neuberger Berman Group Llc bought 458,259 shares as the company’s stock declined 5.04% while stock markets rallied. The institutional investor held 11.19 million shares of the public utilities company at the end of 2017Q2, valued at $481.53 million, up from 10.73 million at the end of the previous reported quarter. Neuberger Berman Group Llc who had been investing in Western Gas Equity Partners Lp for a number of months, seems to be bullish on the $7.96B market cap company. The stock increased 1.03% or $0.37 during the last trading session, reaching $36.34. About 87,254 shares traded. Western Gas Equity Partners, LP (NYSE:WGP) has risen 3.31% since December 7, 2016 and is uptrending. It has underperformed by 13.39% the S&P500.

Neuberger Berman Group Llc, which manages about $77.86 billion US Long portfolio, decreased its stake in Coresite Rlty Corp (NYSE:COR) by 52,312 shares to 251,863 shares, valued at $26.08 million in 2017Q2, according to the filing. It also reduced its holding in American Express Company (NYSE:AXP) by 91,686 shares in the quarter, leaving it with 1.89M shares, and cut its stake in Wabtec Corp (NYSE:WAB).

More news for Western Gas Equity Partners, LP (NYSE:WGP) were recently published by: Prnewswire.com, which released: “Western Gas To Present At Upcoming Wells Fargo Conference” on December 01, 2017. Streetinsider.com‘s article titled: “Western Gas Partners LP (WES) and Western Gas Equity Partners, LP (WGP) Offer …” and published on December 05, 2017 is yet another important article.

Western Gas Equity Partners, LP (NYSE:WGP) Ratings Coverage

Among 18 analysts covering Western Gas Equity Partners (NYSE:WGP), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Western Gas Equity Partners had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Western Gas Equity Partners, LP (NYSE:WGP) has “Market Perform” rating given on Monday, January 18 by Wells Fargo. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, August 20 report. The company was initiated on Friday, April 21 by Macquarie Research. The rating was downgraded by Zacks to “Buy” on Thursday, August 6. The firm has “Hold” rating by Wunderlich given on Wednesday, January 20. The rating was maintained by Barclays Capital on Monday, November 2 with “Equal-Weight”. MUFG initiated it with “Neutral” rating and $45 target in Friday, June 17 report. The company was initiated on Thursday, January 14 by CapitalOne. RBC Capital Markets maintained Western Gas Equity Partners, LP (NYSE:WGP) rating on Tuesday, October 11. RBC Capital Markets has “Outperform” rating and $48 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 2.

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