MAI Capital Management Buys 14,840 Shares of Antero Midstream Partners LP (AM)

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MAI Capital Management raised its stake in shares of Antero Midstream Partners LP (NYSE:AM) by 8.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 184,290 shares of the pipeline company’s stock after buying an additional 14,840 shares during the period. MAI Capital Management owned about 0.10% of Antero Midstream Partners worth $3,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AM. Tortoise Capital Advisors L.L.C. increased its stake in shares of Antero Midstream Partners by 22.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 12,811,090 shares of the pipeline company’s stock valued at $367,166,000 after purchasing an additional 2,333,845 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Antero Midstream Partners in the 3rd quarter valued at about $37,139,000. Alps Advisors Inc. boosted its holdings in Antero Midstream Partners by 6.2% in the 3rd quarter. Alps Advisors Inc. now owns 7,746,014 shares of the pipeline company’s stock worth $222,001,000 after buying an additional 451,249 shares during the last quarter. Pennant Investors LP acquired a new stake in Antero Midstream Partners in the 3rd quarter worth about $11,464,000. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in Antero Midstream Partners by 59.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,068,447 shares of the pipeline company’s stock worth $30,611,000 after buying an additional 397,300 shares during the last quarter. Institutional investors and hedge funds own 49.50% of the company’s stock.

Several research firms recently issued reports on AM. Credit Suisse Group began coverage on Antero Midstream Partners in a report on Thursday, October 11th. They issued a “neutral” rating and a $36.00 price objective on the stock. ValuEngine upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Raymond James reiterated a “market perform” rating on shares of Antero Midstream Partners in a report on Wednesday, October 10th. Robert W. Baird set a $49.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a report on Wednesday, October 10th. Finally, Barclays cut Antero Midstream Partners from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $33.00 to $36.00 in a report on Friday, October 12th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Antero Midstream Partners currently has an average rating of “Hold” and an average target price of $33.35.

Shares of Antero Midstream Partners stock traded down $0.71 on Thursday, hitting $25.60. 4,649 shares of the company were exchanged, compared to its average volume of 846,902. The stock has a market cap of $4.87 billion, a P/E ratio of 18.61 and a beta of 1.60. Antero Midstream Partners LP has a 1-year low of $19.86 and a 1-year high of $34.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.24 and a quick ratio of 1.24.

Antero Midstream Partners (NYSE:AM) last issued its earnings results on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $266.21 million for the quarter, compared to analysts’ expectations of $247.91 million. Antero Midstream Partners had a return on equity of 21.74% and a net margin of 32.54%. As a group, research analysts expect that Antero Midstream Partners LP will post 1.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 13th. Stockholders of record on Friday, February 1st will be issued a dividend of $0.47 per share. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Thursday, January 31st. Antero Midstream Partners’s payout ratio is currently 125.71%.

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About Antero Midstream Partners

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

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