Zimmer Partners LP Invests $26.97 Million in Antero Midstream GP LP (AMGP) Stock

Zimmer Partners LP purchased a new position in Antero Midstream GP LP (NYSE:AMGP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,367,400 shares of the company’s stock, valued at approximately $26,965,000. Zimmer Partners LP owned about 0.73% of Antero Midstream GP as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC lifted its position 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 buying an additional 8,160 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of Antero Midstream GP during the third quarter worth $220,000. Teacher Retirement System of Texas bought a new stake in shares of Antero Midstream GP during the fourth quarter worth $252,000. Wells Fargo & Company MN bought a new stake in shares of Antero Midstream GP during the second quarter worth $255,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Antero Midstream GP during the fourth quarter worth $265,000. Institutional investors own 72.97% of the company’s stock.

In other news, insider Kevin J. Kilstrom sold 50,000 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Antero Midstream GP from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Friday, January 26th. Barclays downgraded Antero Midstream GP from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $26.00 to $23.00 in a report on Wednesday, January 17th. Credit Suisse Group started coverage on Antero Midstream GP in a report on Thursday, January 4th. They issued a “neutral” rating and a $21.00 price objective for the company. Goldman Sachs Group upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday, January 5th. Finally, ValuEngine downgraded Antero Midstream GP from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.89.

Antero Midstream GP LP (NYSE:AMGP) opened at $18.00 on Wednesday. Antero Midstream GP LP has a 52 week low of $16.62 and a 52 week high of $22.87.

Antero Midstream GP (NYSE:AMGP) last posted its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). Antero Midstream GP had a net margin of 4.58% and a return on equity of 22.05%. The company had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $23.76 million. equities analysts expect that Antero Midstream GP LP will post 0.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.075 per share. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, January 31st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.67%.

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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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Institutional Ownership by Quarter for Antero Midstream GP (NYSE:AMGP)

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