Deutsche Bank AG cut its stake in Antero Midstream GP LP (NYSE:AMGP) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,451,182 shares of the company’s stock after selling 45,497 shares during the period. Deutsche Bank AG owned 1.32% of Antero Midstream GP worth $48,335,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC raised its stake in shares of Antero Midstream GP by 1,854.5% in the third quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock worth $176,000 after acquiring an additional 8,160 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of Antero Midstream GP in the third quarter worth about $220,000. Wells Fargo & Company MN bought a new position in shares of Antero Midstream GP in the second quarter worth about $255,000. Teacher Retirement System of Texas bought a new position in shares of Antero Midstream GP in the fourth quarter worth about $252,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Antero Midstream GP in the fourth quarter worth about $265,000. 72.97% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the stock. Citigroup raised shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, December 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Barclays downgraded shares of Antero Midstream GP from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $26.00 to $23.00 in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Antero Midstream GP from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, January 26th. Finally, Robert W. Baird set a $36.00 target price on shares of Antero Midstream GP and gave the stock a “buy” rating in a research note on Monday, December 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Antero Midstream GP currently has a consensus rating of “Buy” and a consensus target price of $25.89.
Shares of Antero Midstream GP LP (NYSE:AMGP) opened at $16.98 on Friday. Antero Midstream GP LP has a 12 month low of $16.52 and a 12 month high of $22.87.
Antero Midstream GP (NYSE:AMGP) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The business had revenue of $23.77 million for the quarter, compared to the consensus estimate of $23.76 million. Antero Midstream GP had a return on equity of 22.05% and a net margin of 4.58%. sell-side analysts anticipate that Antero Midstream GP LP will post 0.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Thursday, February 1st were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, January 31st. This represents a $0.30 dividend on an annualized basis and a yield of 1.77%. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.06.
In related news, insider Kevin J. Kilstrom sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $20.36, for a total transaction of $1,018,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
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About Antero Midstream GP
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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