US Bancorp DE increased its position in Antero Midstream Partners LP (NYSE:AM) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,108 shares of the pipeline company’s stock after buying an additional 488 shares during the period. US Bancorp DE’s holdings in Antero Midstream Partners were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AM. Balentine LLC raised its position in shares of Antero Midstream Partners by 5.7% in the first quarter. Balentine LLC now owns 3,892 shares of the pipeline company’s stock worth $129,000 after buying an additional 210 shares during the period. Penserra Capital Management LLC bought a new position in shares of Antero Midstream Partners during the first quarter worth approximately $194,000. Signature Financial Management Inc. bought a new position in shares of Antero Midstream Partners during the first quarter worth approximately $205,000. Proficio Capital Partners LLC bought a new position in shares of Antero Midstream Partners during the first quarter worth approximately $230,000. Finally, Rafferty Asset Management LLC bought a new position in shares of Antero Midstream Partners during the first quarter worth approximately $245,000. 46.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Antero Midstream Partners LP (AM) traded up 2.11% during midday trading on Wednesday, reaching $31.89. 69,936 shares of the company’s stock traded hands. Antero Midstream Partners LP has a 1-year low of $24.61 and a 1-year high of $35.74. The firm’s 50-day moving average price is $33.27 and its 200 day moving average price is $33.64. The stock has a market capitalization of $5.95 billion, a P/E ratio of 21.66 and a beta of 1.96.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Thursday, August 3rd were paid a dividend of $0.32 per share. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, August 1st. This represents a $1.28 annualized dividend and a yield of 4.10%. Antero Midstream Partners’s payout ratio is presently 86.49%.

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Several equities analysts recently issued reports on AM shares. Mitsubishi UFJ Financial Group started coverage on shares of Antero Midstream Partners in a report on Monday, May 29th. They set a “buy” rating and a $30.00 price objective on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Antero Midstream Partners in a report on Monday, May 29th. They set a “buy” rating and a $45.00 price objective on the stock. Scotiabank set a $44.00 price objective on shares of Antero Midstream Partners and gave the company a “buy” rating in a report on Monday, May 22nd. Citigroup Inc. reissued a “buy” rating and set a $41.00 price objective on shares of Antero Midstream Partners in a report on Wednesday, May 31st. Finally, Guggenheim started coverage on shares of Antero Midstream Partners in a report on Thursday, July 20th. They set a “buy” rating and a $37.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.18.

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.

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

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