Tealwood Asset Management Inc. reduced its stake in shares of Antero Midstream Partners LP (NYSE:AM) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,199 shares of the pipeline company’s stock after selling 2,663 shares during the period. Tealwood Asset Management Inc.’s holdings in Antero Midstream Partners were worth $2,362,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in AM. Spirit of America Management Corp NY increased its position in Antero Midstream Partners by 1.8% in the second quarter. Spirit of America Management Corp NY now owns 743,384 shares of the pipeline company’s stock valued at $24,665,000 after buying an additional 13,350 shares in the last quarter. Creative Planning increased its position in Antero Midstream Partners by 29.1% in the second quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock valued at $434,000 after buying an additional 2,950 shares in the last quarter. Virtu Financial LLC increased its position in Antero Midstream Partners by 173.5% in the second quarter. Virtu Financial LLC now owns 40,784 shares of the pipeline company’s stock valued at $1,353,000 after buying an additional 25,873 shares in the last quarter. Bank of Montreal Can increased its position in Antero Midstream Partners by 98.7% in the second quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock valued at $36,894,000 after buying an additional 552,241 shares in the last quarter. Finally, Pointe Capital Management LLC acquired a new position in Antero Midstream Partners during the first quarter valued at $1,499,000. Institutional investors and hedge funds own 46.89% of the company’s stock.
Antero Midstream Partners LP (NYSE AM) traded down 0.06% during midday trading on Tuesday, hitting $33.70. 81,910 shares of the stock were exchanged. The firm has a 50 day moving average of $33.28 and a 200-day moving average of $33.28. Antero Midstream Partners LP has a 12-month low of $24.61 and a 12-month high of $35.74. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 24.82 and a beta of 1.96.
Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings data on Monday, May 8th. The pipeline company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $174.77 million for the quarter, compared to analyst estimates of $184.45 million. Antero Midstream Partners had a net margin of 38.95% and a return on equity of 19.78%. On average, equities analysts expect that Antero Midstream Partners LP will post $1.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Thursday, August 3rd will be issued a $0.32 dividend. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, August 1st. This represents a $1.28 annualized dividend and a yield of 3.80%. Antero Midstream Partners’s dividend payout ratio (DPR) is presently 88.24%.
TRADEMARK VIOLATION NOTICE: “Antero Midstream Partners LP (NYSE:AM) Shares Sold by Tealwood Asset Management Inc.” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/07/18/antero-midstream-partners-lp-nyseam-shares-sold-by-tealwood-asset-management-inc.html.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Scotiabank set a $39.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research note on Monday, March 20th. Mitsubishi UFJ Financial Group assumed coverage on shares of Antero Midstream Partners in a research note on Monday, May 29th. They set a “buy” rating and a $30.00 target price on the stock. Capital One Financial Corporation assumed coverage on shares of Antero Midstream Partners in a research note on Thursday, March 30th. They set an “overweight” rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. They set an “outperform” rating and a $44.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. Antero Midstream Partners currently has an average rating of “Buy” and a consensus target price of $39.20.
About Antero Midstream Partners
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.
Want to see what other hedge funds are holding AM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Midstream Partners LP (NYSE:AM).
Receive News & Ratings for Antero Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.
