NBW Capital LLC cut its position in shares of Antero Midstream GP LP (NYSE:AMGP) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,154 shares of the company’s stock after selling 6,824 shares during the period. NBW Capital LLC’s holdings in Antero Midstream GP were worth $1,107,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its stake in shares of Antero Midstream GP by 1,854.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock worth $176,000 after purchasing an additional 8,160 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Antero Midstream GP during the 3rd quarter worth about $220,000. Teacher Retirement System of Texas acquired a new position in shares of Antero Midstream GP during the 4th quarter worth about $252,000. Wells Fargo & Company MN acquired a new position in shares of Antero Midstream GP during the 2nd quarter worth about $255,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Antero Midstream GP during the 4th quarter worth about $265,000. Institutional investors own 72.97% of the company’s stock.
Several analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of Antero Midstream GP in a report on Thursday, January 4th. They set a “neutral” rating and a $21.00 target price for the company. Zacks Investment Research downgraded shares of Antero Midstream GP from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Goldman Sachs Group raised shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Friday, January 5th. Tudor Pickering assumed coverage on shares of Antero Midstream GP in a report on Tuesday, February 20th. They set a “hold” rating and a $22.00 target price for the company. 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 report on Monday, December 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.89.
Antero Midstream GP (NYSE:AMGP) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The business had revenue of $23.77 million during the quarter, compared to the consensus estimate of $23.76 million. Antero Midstream GP had a net margin of 4.58% and a return on equity of 22.05%. equities analysts forecast that Antero Midstream GP LP will post 0.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Thursday, February 1st were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.30 dividend on an annualized basis and a yield of 1.65%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.06.
In other Antero Midstream GP news, insider Kevin J. Kilstrom sold 50,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $20.36, for a total value of $1,018,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Antero Midstream GP 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.
Receive News & Ratings for Antero Midstream GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream GP and related companies with MarketBeat.com's FREE daily email newsletter.