Neuberger Berman Group LLC Increases Position in Western Gas Equity Partners LP (WGP)

December 7, 2017 - By Peter Erickson

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. The Illinois-based Advisory Rech has invested 1.08% in Western Gas Equity Partners, LP (NYSE:WGP). 306,669 were reported by Credit Suisse Ag. Renaissance Technologies Ltd Limited Liability Company reported 71,252 shares. Raymond James Financial Service Advsrs invested in 9,300 shares or 0% of the stock. Salient Tru Lta invested 0.62% in Western Gas Equity Partners, LP (NYSE:WGP). Center Coast Advsr Lp invested in 0.9% or 823,207 shares. Cibc Asset holds 7,008 shares or 0% of its portfolio. Tph Asset Management Limited Liability Co has 3.6% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 746,468 shares. Barclays Public Limited Company holds 0.01% or 183,828 shares. Morgan Stanley has 652,891 shares for 0.01% of their portfolio. Alps Advsrs has 26,623 shares. Parkside Bank And Trust holds 0.44% or 24,710 shares in its portfolio. Linscomb & Williams Inc holds 0.04% or 10,325 shares. Enterprise Financial Services Corp has 0% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 159 shares. Sterling Management Limited Liability Company holds 0% or 4,983 shares.

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 Mobileye N V (NYSE:MBLY) by 155,188 shares to 23,195 shares, valued at $1.46 million in 2017Q2, according to the filing. It also reduced its holding in Devon Energy Corporation New (NYSE:DVN) by 2.33M shares in the quarter, leaving it with 2.80 million shares, and cut its stake in Bloomin Brands Inc (NASDAQ:BLMN).

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 rating was downgraded by Wells Fargo to “Market Perform” on Friday, January 15. The rating was maintained by with “Equal-Weight” on Monday, October 10. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 25. The rating was initiated by CapitalOne on Thursday, January 14 with “Equalweight”. The stock of Western Gas Equity Partners, LP (NYSE:WGP) earned “Neutral” rating by Credit Suisse on Thursday, March 17. MUFG initiated Western Gas Equity Partners, LP (NYSE:WGP) on Friday, June 17 with “Neutral” rating. The rating was maintained by JP Morgan on Wednesday, March 30 with “Overweight”. RBC Capital Markets maintained Western Gas Equity Partners, LP (NYSE:WGP) rating on Sunday, October 29. RBC Capital Markets has “Buy” rating and $53.0 target. Citigroup maintained the shares of WGP in report on Thursday, April 7 with “Neutral” rating. The firm has “Buy” rating by Zacks given on Thursday, August 6.

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