Cushing Asset Management LP raised its holdings in Antero Midstream GP LP (NYSE:AMGP) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,538,236 shares of the company’s stock after acquiring an additional 96,244 shares during the quarter. Antero Midstream GP comprises approximately 1.5% of Cushing Asset Management LP’s holdings, making the stock its 21st largest position. Cushing Asset Management LP owned about 1.36% of Antero Midstream GP worth $50,054,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Square Holdings L.P. lifted its stake in Antero Midstream GP by 128.6% in the third quarter. Franklin Square Holdings L.P. now owns 25,150 shares of the company’s stock valued at $515,000 after acquiring an additional 14,150 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in 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 acquiring an additional 650,000 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in Antero Midstream GP in the fourth quarter valued at approximately $5,265,000. Ballentine Partners LLC acquired a new stake in Antero Midstream GP in the fourth quarter valued at approximately $274,000. Finally, Cadence Capital Management LLC acquired a new stake in shares of Antero Midstream GP in the third quarter worth $1,413,000. Hedge funds and other institutional investors own 72.97% of the company’s stock.
A number of analysts have recently weighed in on AMGP shares. Robert W. Baird set a $36.00 price objective on shares of Antero Midstream GP and gave the stock a “buy” rating in a research note on Monday, December 25th. Citigroup upgraded shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, December 6th. Zacks Investment Research upgraded shares of Antero Midstream GP from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, January 8th. Goldman Sachs Group upgraded shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday, January 5th. Finally, Barclays cut shares of Antero Midstream GP from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $26.00 to $23.00 in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.89.
Antero Midstream GP LP (NYSE:AMGP) opened at $17.91 on Wednesday. Antero Midstream GP LP has a one year low of $16.62 and a one year high of $22.87.
Antero Midstream GP (NYSE:AMGP) last released its earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The company had revenue of $23.77 million for the quarter, compared to analyst estimates 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 year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Thursday, February 1st were paid a dividend of $0.075 per share. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a yield of 1.68%. The ex-dividend date was Wednesday, January 31st.
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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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