Duff & Phelps Investment Management Co. reduced its position in Antero Midstream Partners LP (NYSE:AM) by 25.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 495,900 shares of the pipeline company’s stock after selling 171,400 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Antero Midstream Partners were worth $16,454,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in AM. Creative Planning boosted its stake in shares of Antero Midstream Partners by 29.1% in the second quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock valued at $434,000 after buying an additional 2,950 shares during the last quarter. BB&T Securities LLC acquired a new stake in shares of Antero Midstream Partners during the first quarter valued at approximately $1,111,000. Bank of America Corp DE boosted its stake in shares of Antero Midstream Partners by 39.6% in the first quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock valued at $18,689,000 after buying an additional 159,856 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Antero Midstream Partners by 98.7% in the second quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock valued at $36,894,000 after buying an additional 552,241 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Antero Midstream Partners during the first quarter valued at approximately $3,702,000. Institutional investors own 46.99% of the company’s stock.

Shares of Antero Midstream Partners LP (NYSE AM) opened at 32.07 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 21.79 and a beta of 1.96. Antero Midstream Partners LP has a one year low of $24.61 and a one year high of $35.74. The company has a 50-day moving average of $33.35 and a 200 day moving average of $33.76.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, August 1st. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 3.99%. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 86.49%.

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Several analysts have commented on AM shares. BidaskClub upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) started coverage on shares of Antero Midstream Partners in a research note on Monday, May 29th. They set a “buy” rating and a $45.00 price objective for the company. Citigroup Inc. restated a “buy” rating and set a $41.00 price objective on shares of Antero Midstream Partners in a research note on Wednesday, May 31st. Zacks Investment Research upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC restated an “overweight” rating and set a $40.00 price objective on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.00.

About Antero Midstream Partners

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.

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Institutional Ownership by Quarter for Antero Midstream Partners (NYSE:AM)

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