Barclays PLC lifted its stake in shares of Antero Midstream Partners LP (NYSE:AM) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 806,948 shares of the pipeline company’s stock after purchasing an additional 21,455 shares during the quarter. Barclays PLC owned about 0.43% of Antero Midstream Partners worth $17,261,000 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. Northern Trust Corp grew its holdings in Antero Midstream Partners by 0.3% during the fourth quarter. Northern Trust Corp now owns 161,922 shares of the pipeline company’s stock worth $3,463,000 after acquiring an additional 512 shares during the period. LVW Advisors LLC grew its holdings in Antero Midstream Partners by 10.5% during the fourth quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock worth $214,000 after acquiring an additional 950 shares during the period. Tortoise Index Solutions LLC grew its holdings in Antero Midstream Partners by 14.7% during the third quarter. Tortoise Index Solutions LLC now owns 15,230 shares of the pipeline company’s stock worth $436,000 after acquiring an additional 1,948 shares during the period. A. D. Beadell Investment Counsel Inc. grew its holdings in Antero Midstream Partners by 22.3% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 10,825 shares of the pipeline company’s stock worth $231,000 after acquiring an additional 1,975 shares during the period. Finally, Heronetta Management L.P. grew its holdings in Antero Midstream Partners by 2.9% during the third quarter. Heronetta Management L.P. now owns 72,100 shares of the pipeline company’s stock worth $2,066,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 50.24% of the company’s stock.
AM has been the topic of a number of research analyst reports. Capital One Financial lowered Antero Midstream Partners from an “overweight” rating to an “equal weight” rating in a report on Friday, February 1st. Credit Suisse Group lowered their target price on Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, November 21st. Zacks Investment Research lowered Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Finally, ValuEngine lowered Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.35.
In related news, insider Michael N. Kennedy sold 210,000 shares of Antero Midstream Partners stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.45, for a total value of $2,614,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 7.91% of the company’s stock.
Shares of AM opened at $13.14 on Friday. The stock has a market capitalization of $2.45 billion, a P/E ratio of 7.18 and a beta of 1.66. Antero Midstream Partners LP has a 1-year low of $10.12 and a 1-year high of $19.91. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.39 and a current ratio of 1.39.
Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 13th. The pipeline company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.10. The firm had revenue of $281.75 million for the quarter, compared to analysts’ expectations of $264.71 million. Antero Midstream Partners had a return on equity of 23.34% and a net margin of 46.30%. As a group, equities analysts forecast that Antero Midstream Partners LP will post 1.96 EPS for the current year.
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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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