CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $3.2M to WES Stake

Cushing Asset Management boosted its stake in Western Midstream Partners, LP (WES) by 71,000 shares, increasing its total holdings to 1,330,900 shares.

WES Western Midstream Partners, LP

$45.17 ▲ +21.20% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Western Midstream Partners Fits in Cushing Asset Management's Portfolio

This position now accounts for 4.17% of Cushing's reported portfolio, ranking it 9th among the 73 holdings in the fund.

Other Institutional Activity in Western Midstream Partners

Alps Advisors Inc. reduced its stake by 2,009,218 shares, holding 36,629,600 shares valued at about $1.65 billion. Blackstone Inc. added 1,611,908 shares, bringing its total to 10,367,520 shares worth approximately $468.3 million. Mirae Asset Global ETFs Holdings Ltd. decreased its position by 232,393 shares, ending with 8,637,568 shares valued at around $390.2 million.

Western Midstream Partners, LP Stock Up 0.1%

Western Midstream Partners trades recently at $45.17, which is about equal to its closing price on October 26, 2026. The stock is currently below its 50-day moving average of $46.74 but above its 52-week low of $36.90, indicating some volatility in its trading range.

Recent Earnings

In its latest earnings report, Western Midstream Partners posted trailing twelve-month revenue of approximately $4.33 billion and an EPS of $3.16. The next earnings report is scheduled for November 4, 2026.

Dividend

Western Midstream Partners offers an annual dividend rate of $3.72, resulting in a yield of 8.24%. The payout ratio stands at 115.8%, reflecting a commitment to returning value to shareholders.

Insider Buying and Selling at Western Midstream Partners, LP

Several insiders have made trades recently. On February 12, 2026, General Counsel Christopher B Dial sold 5,879 shares at $42.35, totaling about $248,976. Director Robert G Phillips bought 1,250 shares on March 11, 2026, at $40.19, valued at $50,238. Additionally, Director Frederick A. Forthuber purchased 5,140 shares on August 12, 2026, at $48.62, for a total of $249,907.

Analysts Set New Price Targets

On August 11, 2026, Citigroup maintained a Neutral rating with a price target of $45.00, while Morgan Stanley, on October 21, 2026, adjusted its Equal-Weight rating to a target of $52.00. The consensus among analysts shows a recommendation to buy, with a target mean price of $49.46 based on 13 opinions.

About Western Midstream Partners

Western Midstream Partners, LP is a midstream energy company based in The Woodlands, Texas. It focuses on the gathering, processing, and transportation of natural gas, crude oil, and other related products, playing a crucial role in the energy supply chain.

Bottom Line

Cushing Asset Management's recent increase in its stake in Western Midstream Partners reflects confidence in the company's performance. Investors should monitor the upcoming earnings report on November 4, 2026, for further insights into the company's financial health.