California Public Employees Retirement System held its position in American Midstream Partners, LP (NYSE:AMID) during the second quarter, according to its most recent filing with the SEC. The fund owned 57,750 shares of the pipeline company’s stock at the end of the second quarter. California Public Employees Retirement System owned 0.11% of American Midstream Partners, worth $742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in American Midstream Partners, by 727.1% in the second quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock valued at $393,000 after buying an additional 26,903 shares in the last quarter. Wells Fargo & Company MN increased its holdings in American Midstream Partners, by 81.4% in the second quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock valued at $737,000 after buying an additional 25,718 shares in the last quarter. Global X Management Co. LLC purchased a new position in American Midstream Partners, in the second quarter valued at $159,000. Regent Investment Management LLC increased its holdings in American Midstream Partners, by 10.0% in the second quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock valued at $141,000 after buying an additional 1,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in American Midstream Partners, by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 25,133 shares of the pipeline company’s stock valued at $373,000 after buying an additional 10,329 shares in the last quarter. 42.10% of the stock is owned by institutional investors.

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Shares of American Midstream Partners, LP (AMID) opened at $12.85 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.13. American Midstream Partners, LP has a one year low of $11.10 and a one year high of $18.45.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.4125 per share. The ex-dividend date was Monday, November 6th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 12.84%. This is a boost from American Midstream Partners,’s previous quarterly dividend of $0.41. American Midstream Partners,’s payout ratio is currently -217.11%.

AMID has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of American Midstream Partners, from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of American Midstream Partners, in a report on Monday, July 24th. ValuEngine raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Citigroup Inc. cut shares of American Midstream Partners, from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $16.00 in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.60.

American Midstream Partners, Profile

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.

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Institutional Ownership by Quarter for American Midstream Partners, (NYSE:AMID)

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