Credit Suisse AG reduced its stake in shares of Antero Midstream Partners LP (NYSE:AM) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 724,583 shares of the pipeline company’s stock after selling 58,158 shares during the quarter. Credit Suisse AG owned about 0.39% of Antero Midstream Partners worth $20,766,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BP Capital Fund Advisors LLC purchased a new position in Antero Midstream Partners during the 3rd quarter valued at about $1,236,000. BlackRock Inc. grew its stake in Antero Midstream Partners by 7.2% during the 3rd quarter. BlackRock Inc. now owns 615,476 shares of the pipeline company’s stock valued at $17,640,000 after acquiring an additional 41,464 shares in the last quarter. Tortoise Index Solutions LLC grew its stake in Antero Midstream Partners by 14.7% during the 3rd quarter. Tortoise Index Solutions LLC now owns 15,230 shares of the pipeline company’s stock valued at $436,000 after acquiring an additional 1,948 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in Antero Midstream Partners by 22.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 12,811,090 shares of the pipeline company’s stock valued at $367,166,000 after acquiring an additional 2,333,845 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Antero Midstream Partners by 5.0% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,013,334 shares of the pipeline company’s stock valued at $57,702,000 after acquiring an additional 95,379 shares in the last quarter. Institutional investors and hedge funds own 49.74% of the company’s stock.
AM has been the topic of several research analyst reports. Wells Fargo & Co lifted their target price on Antero Midstream Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. lifted their target price on Antero Midstream Partners from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, August 28th. ValuEngine raised Antero Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, Raymond James reiterated a “market perform” rating on shares of Antero Midstream Partners in a report on Wednesday, October 10th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Antero Midstream Partners has a consensus rating of “Hold” and an average target price of $33.35.
Shares of Antero Midstream Partners stock opened at $27.66 on Monday. The stock has a market cap of $5.17 billion, a PE ratio of 17.07 and a beta of 1.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.24 and a quick ratio of 1.24. Antero Midstream Partners LP has a 52-week low of $24.20 and a 52-week high of $34.53.
Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $266.21 million during 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 expect that Antero Midstream Partners LP will post 1.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Friday, November 2nd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 6.36%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, November 1st. Antero Midstream Partners’s payout ratio is currently 125.71%.
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About Antero Midstream Partners
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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