Infrastructure Capital Advisors LLC Boosts Stake in Antero Midstream Partners LP (AM)
Infrastructure Capital Advisors LLC increased its holdings in Antero Midstream Partners LP (NYSE:AM) by 29.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 430,863 shares of the pipeline company’s stock after buying an additional 98,791 shares during the period. Antero Midstream Partners comprises approximately 1.1% of Infrastructure Capital Advisors LLC’s holdings, making the stock its 22nd biggest position. Infrastructure Capital Advisors LLC owned 0.23% of Antero Midstream Partners worth $11,155,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in Antero Midstream Partners during the 4th quarter valued at about $160,000. BNP Paribas Arbitrage SA boosted its stake in Antero Midstream Partners by 118.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,838 shares of the pipeline company’s stock valued at $255,000 after purchasing an additional 5,325 shares during the period. American Century Companies Inc. acquired a new position in Antero Midstream Partners during the 4th quarter valued at about $295,000. California Public Employees Retirement System acquired a new position in Antero Midstream Partners during the 4th quarter valued at about $301,000. Finally, Ferris Capital LLC acquired a new position in Antero Midstream Partners during the 4th quarter valued at about $338,000. 48.46% of the stock is owned by institutional investors and hedge funds.
AM stock opened at $31.15 on Thursday. Antero Midstream Partners LP has a 52 week low of $24.20 and a 52 week high of $35.10. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 22.25 and a beta of 1.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.51 and a current ratio of 1.51.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 18th. Investors of record on Thursday, May 3rd were issued a $0.39 dividend. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Wednesday, May 2nd. Antero Midstream Partners’s payout ratio is presently 111.43%.
A number of research analysts have issued reports on AM shares. Seaport Global Securities set a $37.00 target price on shares of Antero Midstream Partners and gave the company a “buy” rating in a research note on Thursday, February 15th. Citigroup reduced their target price on shares of Antero Midstream Partners from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, March 28th. JPMorgan Chase & Co. restated an “overweight” rating and set a $23.00 price target (down from $25.00) on shares of Antero Midstream Partners in a research report on Wednesday, March 14th. Robert W. Baird set a $49.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research report on Monday, April 9th. Finally, Zacks Investment Research upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $34.50.
Antero Midstream Partners Company 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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