Swiss National Bank bought a new stake in shares of Antero Midstream GP LP (NYSE:AMGP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,500 shares of the company’s stock, valued at approximately $1,252,000.
Other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC boosted its holdings in 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 in the last quarter. BNP Paribas Arbitrage SA bought a new position in Antero Midstream GP in the third quarter worth approximately $220,000. Teacher Retirement System of Texas bought a new position in Antero Midstream GP in the fourth quarter worth approximately $252,000. Wells Fargo & Company MN bought a new position in Antero Midstream GP in the second quarter worth approximately $255,000. Finally, Ballentine Partners LLC bought a new position in Antero Midstream GP in the fourth quarter worth approximately $274,000. Institutional investors own 72.97% of the company’s stock.
Shares of Antero Midstream GP LP (NYSE AMGP) opened at $17.91 on Wednesday. Antero Midstream GP LP has a 52 week low of $16.62 and a 52 week high of $22.87.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Thursday, February 1st were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, January 31st.
AMGP has been the topic of several recent research reports. Credit Suisse Group initiated coverage on Antero Midstream GP in a report on Thursday, January 4th. They issued a “neutral” rating and a $21.00 price target on the stock. Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Monday, December 25th. Citigroup upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, December 6th. Morgan Stanley reissued an “overweight” rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Finally, Robert W. Baird set a $36.00 price objective on 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 given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.89.
In related news, insider Kevin J. Kilstrom sold 50,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $20.36, for a total transaction of $1,018,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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.
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