JPMorgan Chase & Co. Acquires 150,307 Shares of Antero Midstream Partners LP (AM)

JPMorgan Chase & Co. grew its holdings in Antero Midstream Partners LP (NYSE:AM) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,670,986 shares of the pipeline company’s stock after buying an additional 150,307 shares during the quarter. JPMorgan Chase & Co. owned 0.90% of Antero Midstream Partners worth $51,984,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Advisors LLC boosted its stake in shares of Antero Midstream Partners by 45.7% in the 3rd quarter. Harvest Fund Advisors LLC now owns 6,129,948 shares of the pipeline company’s stock valued at $193,277,000 after purchasing an additional 1,922,682 shares during the last quarter. ING Groep NV bought a new position in shares of Antero Midstream Partners in the 3rd quarter valued at about $26,294,000. Russell Investments Group Ltd. boosted its stake in shares of Antero Midstream Partners by 95.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 22,700 shares of the pipeline company’s stock valued at $716,000 after purchasing an additional 11,088 shares during the last quarter. Center Coast Capital Advisors LP boosted its stake in shares of Antero Midstream Partners by 56.4% in the 3rd quarter. Center Coast Capital Advisors LP now owns 134,757 shares of the pipeline company’s stock valued at $1,512,000 after purchasing an additional 48,618 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Antero Midstream Partners by 2.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 93,830 shares of the pipeline company’s stock valued at $2,958,000 after purchasing an additional 2,490 shares during the last quarter. Institutional investors own 49.39% of the company’s stock.

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 completion of the sale, the insider now owns 98,870,335 shares of the company’s stock, valued at $3,075,856,121.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.91% of the company’s stock.

A number of brokerages recently weighed in on AM. Stifel Nicolaus upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, August 15th. Robert W. Baird set a $42.00 price target on shares of Antero Midstream Partners and gave the company a “buy” rating in a research report on Sunday, September 10th. Zacks Investment Research downgraded shares of Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. TheStreet upgraded shares of Antero Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, November 6th. Finally, ValuEngine upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $39.25.

Antero Midstream Partners LP (NYSE:AM) opened at $28.63 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.70. Antero Midstream Partners LP has a 52-week low of $25.71 and a 52-week high of $35.74. The company has a market cap of $5,318.90, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.79.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st were given a dividend of $0.059 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. Antero Midstream Partners’s dividend payout ratio (DPR) is 94.44%.

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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.

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

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