Wells Fargo & Company MN bought a new position in shares of Antero Midstream GP LP (NYSE:AMGP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,589 shares of the company’s stock, valued at approximately $255,000.
A number of other institutional investors and hedge funds have also made changes to their positions in AMGP. Atlantic Trust Group LLC purchased a new position in shares of Antero Midstream GP in the 2nd quarter valued at $27,611,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Antero Midstream GP in the 2nd quarter valued at $6,876,000. JPMorgan Chase & Co. purchased a new position in shares of Antero Midstream GP in the 2nd quarter valued at $462,000. Neuberger Berman Group LLC purchased a new position in shares of Antero Midstream GP in the 2nd quarter valued at $497,000. Finally, HITE Hedge Asset Management LLC purchased a new position in shares of Antero Midstream GP in the 2nd quarter valued at $1,801,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Antero Midstream GP LP (NYSE AMGP) traded down $0.07 on Tuesday, hitting $17.88. 263,923 shares of the stock were exchanged, compared to its average volume of 446,789. Antero Midstream GP LP has a 1-year low of $16.62 and a 1-year high of $22.87.
Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The company had revenue of $19.07 million during the quarter, compared to analysts’ expectations of $19.44 million. Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. analysts forecast that Antero Midstream GP LP will post 0.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.059 per share. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, October 31st.
A number of research analysts recently commented on AMGP shares. Wells Fargo & Company raised shares of Antero Midstream GP from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. Morgan Stanley reiterated an “overweight” rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Goldman Sachs Group cut shares of Antero Midstream GP from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $23.00 in a research note on Friday, September 8th. Zacks Investment Research cut shares of Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird reiterated a “buy” rating and set a $28.00 price target on shares of Antero Midstream GP in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Antero Midstream GP currently has an average rating of “Buy” and an average target price of $26.25.
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Antero Midstream GP Company Profile
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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