BP Capital Fund Advisors LLC acquired a new position in shares of Antero Midstream Partners LP (NYSE:AM) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 43,781 shares of the pipeline company’s stock, valued at approximately $1,236,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its position in Antero Midstream Partners by 5.6% in the second quarter. Alps Advisors Inc. now owns 7,270,043 shares of the pipeline company’s stock valued at $211,122,000 after acquiring an additional 382,982 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Antero Midstream Partners during the second quarter valued at about $603,000. Aperio Group LLC acquired a new stake in shares of Antero Midstream Partners during the second quarter valued at about $228,000. Altman Advisors Inc. acquired a new stake in shares of Antero Midstream Partners during the second quarter valued at about $2,652,000. Finally, First Trust Advisors LP boosted its stake in shares of Antero Midstream Partners by 63.9% during the second quarter. First Trust Advisors LP now owns 65,474 shares of the pipeline company’s stock valued at $1,933,000 after purchasing an additional 25,518 shares in the last quarter. 49.88% of the stock is owned by institutional investors and hedge funds.
Antero Midstream Partners stock opened at $27.96 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $5.22 billion, a P/E ratio of 17.24 and a beta of 1.46. Antero Midstream Partners LP has a one year low of $24.20 and a one year high of $34.53.
Antero Midstream Partners (NYSE:AM) last posted its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $266.21 million for the quarter, compared to analyst estimates of $247.91 million. Antero Midstream Partners had a return on equity of 21.74% and a net margin of 32.54%. Equities analysts predict that Antero Midstream Partners LP will post 1.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 2nd were paid a $0.44 dividend. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend was Thursday, November 1st. Antero Midstream Partners’s payout ratio is currently 125.71%.
A number of analysts have recently commented on AM shares. Robert W. Baird set a $49.00 price target on Antero Midstream Partners and gave the company a “buy” rating in a research note on Wednesday, October 10th. ValuEngine raised Antero Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, August 28th. Barclays lowered Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $33.00 to $36.00 in a research note on Friday, October 12th. Finally, Credit Suisse Group cut their price target on Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, November 21st. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.35.
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Antero Midstream Partners Company Profile
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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