Dividend Assets Capital LLC grew its position in shares of Antero Midstream Partners LP (NYSE:AM) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 948,419 shares of the pipeline company’s stock after buying an additional 12,827 shares during the quarter. Dividend Assets Capital LLC owned 0.51% of Antero Midstream Partners worth $29,904,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Antero Midstream Partners by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after buying an additional 410 shares during the last quarter. Carnick & Kubik Group LLC purchased a new stake in Antero Midstream Partners in the third quarter worth approximately $227,000. Guild Investment Management Inc. purchased a new stake in Antero Midstream Partners in the third quarter worth approximately $236,000. Northern Trust Corp purchased a new stake in Antero Midstream Partners in the second quarter worth approximately $245,000. Finally, Proficio Capital Partners LLC boosted its holdings in Antero Midstream Partners by 6.4% in the second quarter. Proficio Capital Partners LLC now owns 7,055 shares of the pipeline company’s stock worth $247,000 after purchasing an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 43.69% of the company’s stock.
Several equities research analysts recently issued reports on AM shares. Guggenheim started coverage on shares of Antero Midstream Partners in a report on Thursday, July 20th. They issued a “buy” rating and a $37.00 target price on the stock. Zacks Investment Research upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Scotiabank set a $44.00 target price on shares of Antero Midstream Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. BidaskClub cut shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Stifel Nicolaus upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.25.
Shares of Antero Midstream Partners LP (NYSE AM) traded down $0.12 during trading on Monday, hitting $27.40. 193,400 shares of the stock traded hands, compared to its average volume of 443,092. The stock has a market cap of $5,113.61, a PE ratio of 19.03, a PEG ratio of 0.91 and a beta of 1.86. Antero Midstream Partners LP has a 1-year low of $27.18 and a 1-year high of $35.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.70.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 23rd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. Antero Midstream Partners’s dividend payout ratio is presently 94.44%.
In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of Antero Midstream Partners stock in a transaction on Monday, September 11th. The shares were sold at an average price of $31.11, for a total transaction of $311,100,000.00. Following the transaction, the insider now owns 98,870,335 shares in the company, valued at approximately $3,075,856,121.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.91% of the company’s stock.
Antero Midstream Partners Company Profile
Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.
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