Dividend Assets Capital LLC grew its stake in Antero Midstream Partners LP (NYSE:AM) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 948,419 shares of the pipeline company’s stock after purchasing an additional 12,827 shares during the period. Dividend Assets Capital LLC owned about 0.51% of Antero Midstream Partners worth $29,904,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in AM. Bollard Group LLC lifted its holdings in Antero Midstream Partners by 0.9% during the 2nd quarter. Bollard Group LLC now owns 9,777 shares of the pipeline company’s stock valued at $324,000 after purchasing an additional 88 shares during the last quarter. Keybank National Association OH increased its position in Antero Midstream Partners by 4.8% in the 2nd quarter. Keybank National Association OH now owns 7,790 shares of the pipeline company’s stock valued at $258,000 after acquiring an additional 360 shares in the last quarter. Williams Jones & Associates LLC increased its position in Antero Midstream Partners by 1.6% in the 2nd quarter. Williams Jones & Associates LLC now owns 24,600 shares of the pipeline company’s stock valued at $816,000 after acquiring an additional 385 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Antero Midstream Partners by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 410 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in Antero Midstream Partners by 6.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 7,055 shares of the pipeline company’s stock valued at $247,000 after acquiring an additional 424 shares in the last quarter. 40.53% of the stock is owned by institutional investors.
AM has been the subject of several research reports. Zacks Investment Research cut shares of Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Seaport Global Securities initiated coverage on shares of Antero Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $44.00 price target for the company. Scotiabank set a $44.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, October 21st. Morgan Stanley reiterated an “overweight” rating on shares of Antero Midstream Partners in a research report on Tuesday, September 5th. Finally, ValuEngine upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.25.
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Shares of Antero Midstream Partners LP (NYSE AM) traded down $0.18 during mid-day trading on Wednesday, hitting $26.54. 501,100 shares of the stock were exchanged, compared to its average volume of 440,720. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $4,986.71, a price-to-earnings ratio of 18.56, a PEG ratio of 0.91 and a beta of 1.86. Antero Midstream Partners LP has a twelve month low of $25.74 and a twelve month high of $35.74.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a yield of 0.89%. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 94.44%.
In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of the company’s 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 sale, the insider now directly owns 98,870,335 shares of the company’s stock, valued at $3,075,856,121.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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