Diversified Trust Co lowered its stake in Antero Midstream Partners LP (NYSE:AM) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,402 shares of the pipeline company’s stock after selling 586 shares during the quarter. Diversified Trust Co’s holdings in Antero Midstream Partners were worth $458,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Tortoise Index Solutions LLC raised its position in shares of 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 buying an additional 1,948 shares in the last quarter. LVW Advisors LLC raised its position in Antero Midstream Partners by 27.5% in the 3rd quarter. LVW Advisors LLC now owns 9,050 shares of the pipeline company’s stock worth $259,000 after purchasing an additional 1,950 shares during the period. Heronetta Management L.P. raised its position in Antero Midstream Partners by 2.9% in the 3rd quarter. Heronetta Management L.P. now owns 72,100 shares of the pipeline company’s stock worth $2,066,000 after purchasing an additional 2,000 shares during the period. MAI Capital Management raised its position in Antero Midstream Partners by 2.1% in the 3rd quarter. MAI Capital Management now owns 169,450 shares of the pipeline company’s stock worth $4,856,000 after purchasing an additional 3,491 shares during the period. Finally, First Republic Investment Management Inc. raised its position in Antero Midstream Partners by 6.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 57,550 shares of the pipeline company’s stock worth $1,649,000 after purchasing an additional 3,543 shares during the period. Institutional investors and hedge funds own 49.60% of the company’s stock.
Shares of AM stock opened at $24.08 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.20 and a beta of 1.60. Antero Midstream Partners LP has a one year low of $19.86 and a one year high of $34.53.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 13th. Shareholders of record on Friday, February 1st will be paid a $0.47 dividend. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Thursday, January 31st. Antero Midstream Partners’s dividend payout ratio is currently 125.71%.
AM has been the topic of a number of recent analyst reports. Robert W. Baird set a $49.00 price objective on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research report on Wednesday, October 10th. ValuEngine raised shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Barclays lowered shares of Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $33.00 to $36.00 in a research report on Friday, October 12th. Zacks Investment Research raised shares of Antero Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 11th. Finally, Credit Suisse Group reduced their price objective on shares of Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, November 21st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Antero Midstream Partners presently has a consensus rating of “Hold” and a consensus price target of $33.35.
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Antero Midstream Partners 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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