Antero Midstream GP LP (AMGP) Given Consensus Recommendation of “Buy” by Brokerages

Antero Midstream GP LP (NYSE:AMGP) has earned an average recommendation of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.29.

AMGP has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on shares of Antero Midstream GP in a research note on Thursday, January 4th. They set a “neutral” rating and a $21.00 target price on the stock. Zacks Investment Research upgraded shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Monday, December 25th. Seaport Global Securities initiated coverage on shares of Antero Midstream GP in a report on Tuesday, October 10th. They set a “buy” rating and a $26.00 price objective on the stock. Citigroup upgraded shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, December 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Antero Midstream GP in a report on Friday, November 17th.

Antero Midstream GP (AMGP) opened at $20.25 on Tuesday. Antero Midstream GP has a 12 month low of $16.62 and a 12 month high of $22.87.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Thursday, February 1st will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.30 annualized dividend and a dividend yield of 1.48%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.06.

Several hedge funds have recently made changes to their positions in AMGP. Cohen & Steers Inc. raised its holdings in shares of Antero Midstream GP by 59.0% in the third quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock valued at $64,176,000 after purchasing an additional 1,163,246 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Antero Midstream GP by 56.5% in the third quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock valued at $36,846,000 after purchasing an additional 650,000 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Antero Midstream GP by 158.5% in the third quarter. Citadel Advisors LLC now owns 478,769 shares of the company’s stock valued at $9,800,000 after purchasing an additional 293,594 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Antero Midstream GP in the fourth quarter valued at about $5,265,000. Finally, Yale University raised its holdings in shares of Antero Midstream GP by 3.9% in the third quarter. Yale University now owns 5,769,780 shares of the company’s stock valued at $118,107,000 after purchasing an additional 216,144 shares during the last quarter. Institutional investors own 64.81% of the company’s stock.

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Antero Midstream GP Company Profile

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.

Analyst Recommendations for Antero Midstream GP (NYSE:AMGP)

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