BB&T Securities LLC reduced its holdings in shares of Antero Midstream Partners LP (NYSE:AM) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,261 shares of the pipeline company’s stock after selling 1,955 shares during the quarter. BB&T Securities LLC’s holdings in Antero Midstream Partners were worth $1,353,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in Antero Midstream Partners by 115.4% during the 2nd quarter. California Public Employees Retirement System now owns 32,843 shares of the pipeline company’s stock valued at $970,000 after purchasing an additional 17,593 shares during the last quarter. Northern Trust Corp raised its position in shares of Antero Midstream Partners by 12.7% in the 2nd quarter. Northern Trust Corp now owns 149,930 shares of the pipeline company’s stock worth $4,426,000 after acquiring an additional 16,898 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Antero Midstream Partners by 6.2% in the 3rd quarter. Alps Advisors Inc. now owns 7,746,014 shares of the pipeline company’s stock worth $222,001,000 after acquiring an additional 451,249 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Antero Midstream Partners in the 3rd quarter worth approximately $794,000. Finally, Baldwin Brothers Inc. MA raised its position in shares of Antero Midstream Partners by 162.7% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 14,313 shares of the pipeline company’s stock worth $410,000 after acquiring an additional 8,864 shares in the last quarter. Institutional investors own 50.08% of the company’s stock.
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AM stock opened at $26.11 on Friday. Antero Midstream Partners LP has a twelve month low of $19.86 and a twelve month high of $34.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $4.88 billion, a P/E ratio of 14.27 and a beta of 1.70.
Antero Midstream Partners (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 13th. The pipeline company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.10. Antero Midstream Partners had a return on equity of 23.87% and a net margin of 46.30%. The company had revenue of $281.75 million during the quarter, compared to analyst estimates of $264.71 million. Equities research analysts forecast that Antero Midstream Partners LP will post 1.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Friday, February 1st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date was Thursday, January 31st. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.44. Antero Midstream Partners’s dividend payout ratio (DPR) is 102.73%.
AM has been the subject of several research reports. Zacks Investment Research lowered Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. ValuEngine lowered Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Capital One Financial lowered Antero Midstream Partners from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 1st. Finally, Credit Suisse Group decreased their target price on Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $33.35.
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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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