Kayne Anderson Capital Advisors LP Lowers Stake in Rice Midstream Partners (NYSE:RMP)

Kayne Anderson Capital Advisors LP trimmed its stake in shares of Rice Midstream Partners (NYSE:RMP) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,100 shares of the oil and gas producer’s stock after selling 16,200 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Rice Midstream Partners were worth $888,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RMP. Wells Fargo & Company MN lifted its position in shares of Rice Midstream Partners by 6,209.6% during the 1st quarter. Wells Fargo & Company MN now owns 1,004,426 shares of the oil and gas producer’s stock valued at $18,180,000 after acquiring an additional 988,507 shares during the period. Cushing Asset Management LP lifted its position in shares of Rice Midstream Partners by 31.1% during the 4th quarter. Cushing Asset Management LP now owns 2,078,226 shares of the oil and gas producer’s stock valued at $44,620,000 after acquiring an additional 492,688 shares during the period. Bank of Montreal Can lifted its position in shares of Rice Midstream Partners by 32.2% during the 4th quarter. Bank of Montreal Can now owns 1,406,700 shares of the oil and gas producer’s stock valued at $30,202,000 after acquiring an additional 343,000 shares during the period. EnTrustPermal Partners Offshore LP acquired a new stake in shares of Rice Midstream Partners during the 4th quarter valued at approximately $3,012,000. Finally, Alps Advisors Inc. lifted its position in shares of Rice Midstream Partners by 2.3% during the 4th quarter. Alps Advisors Inc. now owns 6,112,118 shares of the oil and gas producer’s stock valued at $131,227,000 after acquiring an additional 138,326 shares during the period. Institutional investors own 74.08% of the company’s stock.

A number of research firms have recently issued reports on RMP. ValuEngine downgraded shares of Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, April 26th. Wellington Shields reiterated a “market perform” rating on shares of Rice Midstream Partners in a research report on Friday, February 23rd. Wells Fargo downgraded shares of Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 22nd. Finally, Johnson Rice cut shares of Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.56.



RMP stock opened at $17.22 on Monday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.13. Rice Midstream Partners has a one year low of $16.87 and a one year high of $25.65.

Rice Midstream Partners (NYSE:RMP) last released its earnings results on Thursday, April 26th. The oil and gas producer reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.07. The firm had revenue of $84.46 million during the quarter. Rice Midstream Partners had a net margin of 59.40% and a return on equity of 10.01%. equities analysts predict that Rice Midstream Partners will post 1.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Friday, May 4th will be paid a $0.3049 dividend. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.29. This represents a $1.22 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend is Thursday, May 3rd.

Rice Midstream Partners Profile

Rice Midstream Partners LP owns, operates, develops, and acquires midstream assets in the Appalachian Basin. It operates in two segments, Gathering and Compression, and Water Services. Its natural gas gathering and compression assets consist of natural gas gathering and compression systems that serve producers in the dry gas core of the Marcellus Shale in southwestern Pennsylvania.

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

Receive News & Ratings for Rice Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply