55,000 Shares in Antero Midstream Partners (AM) Acquired by Eaton Vance Management

Eaton Vance Management bought a new position in shares of Antero Midstream Partners (NYSE:AM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 55,000 shares of the pipeline company’s stock, valued at approximately $1,424,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AM. Alps Advisors Inc. grew its holdings in shares of Antero Midstream Partners by 15.1% during the 4th quarter. Alps Advisors Inc. now owns 7,270,043 shares of the pipeline company’s stock worth $211,122,000 after purchasing an additional 951,855 shares in the last quarter. Payden & Rygel acquired a new stake in shares of Antero Midstream Partners during the 4th quarter worth $22,149,000. Goldman Sachs Group Inc. grew its holdings in shares of Antero Midstream Partners by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,987,300 shares of the pipeline company’s stock worth $290,031,000 after purchasing an additional 728,024 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in shares of Antero Midstream Partners by 31.3% during the 1st quarter. Eagle Global Advisors LLC now owns 1,257,849 shares of the pipeline company’s stock worth $32,566,000 after purchasing an additional 299,771 shares in the last quarter. Finally, Global X Management Co. LLC grew its holdings in shares of Antero Midstream Partners by 46.8% during the 4th quarter. Global X Management Co. LLC now owns 879,682 shares of the pipeline company’s stock worth $25,546,000 after purchasing an additional 280,436 shares in the last quarter. 48.31% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the company. Zacks Investment Research lowered Antero Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday, April 30th. Barclays reduced their price objective on Antero Midstream Partners from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 17th. Guggenheim set a $34.00 price objective on Antero Midstream Partners and gave the company a “buy” rating in a research note on Monday, April 16th. Robert W. Baird set a $49.00 price objective on Antero Midstream Partners and gave the company a “buy” rating in a research note on Monday, April 9th. Finally, Seaport Global Securities lowered Antero Midstream Partners from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $25.00 in a research note on Monday, April 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $35.38.

NYSE:AM opened at $29.42 on Wednesday. Antero Midstream Partners has a twelve month low of $24.20 and a twelve month high of $35.55. The stock has a market capitalization of $5.47 billion, a P/E ratio of 21.01 and a beta of 1.79. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.85.

Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings results on Wednesday, April 25th. The pipeline company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. Antero Midstream Partners had a return on equity of 19.19% and a net margin of 32.52%. The firm had revenue of $229.59 million for the quarter, compared to analyst estimates of $213.41 million. equities analysts predict that Antero Midstream Partners will post 1.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 18th. Stockholders of record on Thursday, May 3rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.30%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, May 2nd. Antero Midstream Partners’s dividend payout ratio (DPR) is presently 111.43%.

Antero Midstream Partners Company Profile

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.

Institutional Ownership by Quarter for Antero Midstream Partners (NYSE:AM)

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