Raymond James Financial Services Advisors Inc. Cuts Stake in Antero Midstream Partners LP (AM)

Raymond James Financial Services Advisors Inc. lessened its holdings in Antero Midstream Partners LP (NYSE:AM) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,823 shares of the pipeline company’s stock after selling 473 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Antero Midstream Partners were worth $691,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of 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 worth $177,000 after purchasing an additional 410 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Antero Midstream Partners in the second quarter worth $697,000. Williams Jones & Associates LLC lifted its position in shares of Antero Midstream Partners by 1.6% in the second quarter. Williams Jones & Associates LLC now owns 24,600 shares of the pipeline company’s stock worth $816,000 after purchasing an additional 385 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Antero Midstream Partners by 46.4% in the second quarter. Royal Bank of Canada now owns 8,536 shares of the pipeline company’s stock worth $283,000 after purchasing an additional 2,706 shares in the last quarter. Finally, Cbre Clarion Securities LLC bought a new stake in shares of Antero Midstream Partners in the second quarter worth $2,885,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have recently commented on AM shares. Zacks Investment Research lowered shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. ValuEngine lowered shares of Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Guggenheim assumed coverage on shares of Antero Midstream Partners in a research report on Thursday, July 20th. They set a “buy” rating and a $37.00 price target on the stock. Robert W. Baird set a $42.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research report on Sunday, September 10th. Finally, Scotiabank set a $44.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $39.25.

In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of Antero Midstream Partners stock in a transaction on Monday, September 11th. The stock was sold at an average price of $31.11, for a total transaction of $311,100,000.00. Following the sale, the insider now directly owns 98,870,335 shares in the company, valued at approximately $3,075,856,121.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.91% of the company’s stock.

Antero Midstream Partners LP (NYSE:AM) opened at 29.09 on Tuesday. The stock has a 50 day moving average of $30.85 and a 200 day moving average of $32.58. Antero Midstream Partners LP has a 12 month low of $27.01 and a 12 month high of $35.74. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 19.76 and a beta of 1.92.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.68%. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, October 31st. Antero Midstream Partners’s payout ratio is presently 86.49%.

Antero Midstream Partners Profile

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

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