Neuberger Berman Group LLC Has Upped Its Western Gas Equity Partners LP (WGP) Holding by $19.71 Million

December 7, 2017 - By Migdalia James

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.22, from 0.9 in 2017Q1. It improved, 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. Texas Yale Capital Corp reported 20,250 shares. Nuveen Asset Mngmt Ltd Liability owns 15,743 shares or 0% of their US portfolio. Barclays Public Ltd Liability reported 183,828 shares stake. Ftb Advsrs Incorporated accumulated 0% or 182 shares. Wealthtrust, Alabama-based fund reported 205 shares. Texas-based Linscomb & Williams has invested 0.04% in Western Gas Equity Partners, LP (NYSE:WGP). National Bank & Trust Of Montreal Can has invested 0% in Western Gas Equity Partners, LP (NYSE:WGP). Hollow Brook Wealth Management Ltd Com reported 67,876 shares stake. Advisory Research Incorporated holds 1.08% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP) for 1.60M shares. Rr Advsr Limited Liability Corp holds 624,000 shares or 3.56% of its portfolio. Raymond James Fincl Advsr Inc holds 0% or 9,300 shares. 50,507 are held by Metropolitan Life Insur Company New York. Kayne Anderson Advisors LP owns 465,961 shares. Bancshares Of Mellon Corporation invested 0% in Western Gas Equity Partners, LP (NYSE:WGP). Pnc Finance Ser Grp reported 74,185 shares or 0% of all its holdings.

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 10.73M 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 $7.96 billion 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 $77.86B US Long portfolio, decreased its stake in American Express Company (NYSE:AXP) by 91,686 shares to 1.89M shares, valued at $159.19 million in 2017Q2, according to the filing. It also reduced its holding in Starbucks Corp (NASDAQ:SBUX) by 71,286 shares in the quarter, leaving it with 3.23 million shares, and cut its stake in Cbre Group Inc (NYSE:CBG).

More news for Western Gas Equity Partners, LP (NYSE:WGP) were recently published by: Streetinsider.com, which released: “Western Gas Partners LP (WES) and Western Gas Equity Partners, LP (WGP) Offer …” on December 05, 2017. Prnewswire.com‘s article titled: “Western Gas To Present At Upcoming Wells Fargo Conference” and published on December 01, 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 “Buy” rating given on Sunday, October 29 by RBC Capital Markets. The stock of Western Gas Equity Partners, LP (NYSE:WGP) has “Neutral” rating given on Friday, June 17 by MUFG. On Monday, October 10 the stock rating was maintained by with “Equal-Weight”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 11. The company was initiated on Thursday, February 25 by Morgan Stanley. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 2. Bank of America upgraded Western Gas Equity Partners, LP (NYSE:WGP) on Monday, February 27 to “Neutral” rating. The rating was downgraded by Credit Suisse on Thursday, March 17 to “Neutral”. Citigroup maintained the shares of WGP in report on Thursday, April 7 with “Neutral” rating. The firm has “Outperform” rating by Credit Suisse given on Tuesday, October 13.

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