Antero Midstream Partners LP (AM) Shares Sold by Pinnacle Holdings LLC

Pinnacle Holdings LLC reduced its holdings in Antero Midstream Partners LP (NYSE:AM) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,414 shares of the pipeline company’s stock after selling 2,605 shares during the period. Antero Midstream Partners comprises 1.0% of Pinnacle Holdings LLC’s holdings, making the stock its 28th largest position. Pinnacle Holdings LLC’s holdings in Antero Midstream Partners were worth $2,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AM. Tortoise Capital Advisors L.L.C. lifted its position in shares of Antero Midstream Partners by 16.4% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 10,347,615 shares of the pipeline company’s stock valued at $326,260,000 after acquiring an additional 1,457,105 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Antero Midstream Partners by 15.1% in the fourth quarter. Alps Advisors Inc. now owns 7,270,043 shares of the pipeline company’s stock valued at $211,122,000 after acquiring an additional 951,855 shares in the last quarter. Harvest Fund Advisors LLC lifted its position in shares of Antero Midstream Partners by 45.7% in the third quarter. Harvest Fund Advisors LLC now owns 6,129,948 shares of the pipeline company’s stock valued at $193,277,000 after acquiring an additional 1,922,682 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Antero Midstream Partners by 2.8% in the third quarter. Neuberger Berman Group LLC now owns 5,506,304 shares of the pipeline company’s stock valued at $173,614,000 after acquiring an additional 147,744 shares in the last quarter. Finally, Chickasaw Capital Management LLC lifted its position in shares of Antero Midstream Partners by 6.5% in the fourth quarter. Chickasaw Capital Management LLC now owns 4,696,102 shares of the pipeline company’s stock valued at $136,375,000 after acquiring an additional 285,075 shares in the last quarter. 50.68% of the stock is currently owned by institutional investors.

Shares of Antero Midstream Partners LP (NYSE AM) opened at $26.05 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $4,938.81, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 0.77 and a beta of 1.74. Antero Midstream Partners LP has a one year low of $25.71 and a one year high of $35.55.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st were paid a dividend of $0.365 per share. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $1.46 annualized dividend and a yield of 5.60%. Antero Midstream Partners’s dividend payout ratio (DPR) is 113.18%.

A number of equities analysts recently commented on the company. Seaport Global Securities set a $37.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a research report on Thursday, February 15th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Antero Midstream Partners in a research report on Friday, November 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $37.00 price objective on shares of Antero Midstream Partners in a research report on Wednesday, January 17th. TheStreet upgraded Antero Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, November 6th. Finally, Credit Suisse Group assumed coverage on Antero Midstream Partners in a research report on Friday, January 5th. They set an “outperform” rating and a $35.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Antero Midstream Partners currently has a consensus rating of “Buy” and a consensus price target of $38.91.

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Antero Midstream Partners Company 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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