MAI Capital Management Raises Holdings in Antero Midstream Partners LP (AM)

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MAI Capital Management increased its holdings in shares of Antero Midstream Partners LP (NYSE:AM) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Pennant Investors LP purchased a new position in shares of Antero Midstream Partners during the 3rd quarter worth $11,464,000. Jane Street Group LLC increased its position in shares of Antero Midstream Partners by 40.5% during the 3rd quarter. Jane Street Group LLC now owns 25,813 shares of the pipeline company’s stock worth $740,000 after purchasing an additional 7,438 shares during the last quarter. Jennison Associates LLC increased its position in shares of Antero Midstream Partners by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 453,080 shares of the pipeline company’s stock worth $12,985,000 after purchasing an additional 18,544 shares during the last quarter. Payden & Rygel increased its position in shares of Antero Midstream Partners by 5.9% during the 4th quarter. Payden & Rygel now owns 831,740 shares of the pipeline company’s stock worth $17,791,000 after purchasing an additional 46,000 shares during the last quarter. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of Antero Midstream Partners during the 3rd quarter worth about $266,000. Hedge funds and other institutional investors own 50.61% of the company’s stock.

A number of brokerages recently issued reports on AM. Zacks Investment Research raised Antero Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 11th. Credit Suisse Group cut their price objective on Antero Midstream Partners from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, November 21st. Capital One Financial downgraded Antero Midstream Partners from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 1st. Finally, ValuEngine downgraded Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.35.

NYSE AM traded down $0.39 during trading on Friday, hitting $25.46. The stock had a trading volume of 442,967 shares, compared to its average volume of 853,638. The company has a market cap of $4.81 billion, a P/E ratio of 13.91 and a beta of 1.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.39 and a quick ratio of 1.39. Antero Midstream Partners LP has a twelve month low of $19.86 and a twelve month high of $34.53.

Antero Midstream Partners (NYSE:AM) last released its earnings results on Wednesday, February 13th. The pipeline company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.10. The company had revenue of $281.75 million during the quarter, compared to the consensus estimate of $264.71 million. Antero Midstream Partners had a return on equity of 23.34% and a net margin of 46.30%. On average, analysts anticipate that Antero Midstream Partners LP will post 1.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 13th. Shareholders of record on Friday, February 1st were given a $0.47 dividend. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 7.38%. The ex-dividend date was Thursday, January 31st. Antero Midstream Partners’s payout ratio is currently 102.73%.

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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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