Copeland Capital Management LLC decreased its stake in shares of Antero Midstream GP LP (NYSE:AMGP) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,094,735 shares of the company’s stock after selling 105,289 shares during the quarter. Antero Midstream GP makes up 1.1% of Copeland Capital Management LLC’s portfolio, making the stock its 27th largest position. Copeland Capital Management LLC owned 0.59% of Antero Midstream GP worth $18,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Antero Midstream GP by 407.3% during the 1st quarter. BlackRock Inc. now owns 276,718 shares of the company’s stock valued at $4,425,000 after buying an additional 222,173 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in shares of Antero Midstream GP in the 2nd quarter valued at about $1,886,000. JJJ Advisors Inc. raised its holdings in shares of Antero Midstream GP by 30.6% in the 3rd quarter. JJJ Advisors Inc. now owns 373,722 shares of the company’s stock valued at $6,323,000 after purchasing an additional 87,500 shares in the last quarter. Global X Management Co LLC raised its holdings in shares of Antero Midstream GP by 2.5% in the 2nd quarter. Global X Management Co LLC now owns 753,902 shares of the company’s stock valued at $14,219,000 after purchasing an additional 18,734 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Antero Midstream GP by 20.9% in the 2nd quarter. Sei Investments Co. now owns 240,187 shares of the company’s stock valued at $4,530,000 after purchasing an additional 41,577 shares in the last quarter. Institutional investors own 76.76% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Credit Suisse Group assumed coverage on shares of Antero Midstream GP in a report on Thursday, October 11th. They issued a “neutral” rating and a $20.00 price target for the company. ValuEngine upgraded shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price target on shares of Antero Midstream GP in a report on Tuesday, September 18th. Finally, Wells Fargo & Co reduced their price target on shares of Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, August 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Antero Midstream GP currently has an average rating of “Buy” and an average price target of $21.45.
NYSE AMGP opened at $15.28 on Friday. The company has a market cap of $2.85 billion, a P/E ratio of 58.77 and a beta of 1.11. Antero Midstream GP LP has a 52 week low of $14.85 and a 52 week high of $22.39.
Antero Midstream GP (NYSE:AMGP) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $37.82 million for the quarter, compared to the consensus estimate of $37.72 million. Antero Midstream GP had a return on equity of 231.93% and a net margin of 40.12%. The company’s revenue was up 98.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. On average, analysts forecast that Antero Midstream GP LP will post 0.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Friday, November 2nd will be paid a dividend of $0.144 per share. This represents a $0.58 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, November 1st. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.13. Antero Midstream GP’s payout ratio is 1,933.33%.
Antero Midstream GP Company Profile
Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.
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