Antero Midstream Partners LP (NYSE:AM) fell 0% during mid-day trading on Friday . The stock traded as low as $31.03 and last traded at $31.24. 312,968 shares were traded during mid-day trading, a decline of 26% from the average session volume of 422,134 shares. The stock had previously closed at $31.23.

Several equities research analysts have recently commented on AM shares. Zacks Investment Research downgraded shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Scotiabank set a $44.00 target price on shares of Antero Midstream Partners and gave the company a “buy” rating in a research note on Monday, May 22nd. BidaskClub downgraded shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Stifel Nicolaus upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, August 15th. Finally, Guggenheim started coverage on shares of Antero Midstream Partners in a research note on Thursday, July 20th. They issued a “buy” rating and a $37.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $38.18.

The stock has a 50-day moving average of $33.05 and a 200 day moving average of $33.44. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 21.20 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 given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Tuesday, August 1st. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.30. Antero Midstream Partners’s payout ratio is currently 86.49%.

A number of institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC grew its position in Antero Midstream Partners by 500.0% in the second quarter. Verition Fund Management LLC now owns 60,000 shares of the pipeline company’s stock valued at $1,991,000 after acquiring an additional 50,000 shares during the last quarter. Castleark Management LLC grew its position in Antero Midstream Partners by 85.7% in the second quarter. Castleark Management LLC now owns 68,344 shares of the pipeline company’s stock valued at $2,268,000 after acquiring an additional 31,544 shares during the last quarter. Scotia Capital Inc. grew its position in Antero Midstream Partners by 4.1% in the second quarter. Scotia Capital Inc. now owns 14,496 shares of the pipeline company’s stock valued at $481,000 after acquiring an additional 574 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Antero Midstream Partners by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 410 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Antero Midstream Partners in the second quarter valued at about $697,000. Hedge funds and other institutional investors own 43.25% of the company’s stock.

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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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