Zacks Investment Research lowered shares of American Midstream Partners LP (NYSE:AMID) from a hold rating to a sell rating in a report released on Thursday.

According to Zacks, “American Midstream Partners, LP owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of gathering systems, processing facilities and pipelines. Its primary assets, which are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers. American Midstream Partners, LP is based in Denver, Colorado. “

Other equities research analysts also recently issued reports about the company. RBC Capital Markets reaffirmed an outperform rating and set a $19.00 price target (up from $16.00) on shares of American Midstream Partners in a research report on Wednesday, October 26th. Ladenburg Thalmann raised American Midstream Partners from a neutral rating to a buy rating and set a $16.00 price target on the stock in a research report on Thursday, July 21st. Finally, Royal Bank Of Canada assumed coverage on American Midstream Partners in a research report on Friday, August 19th. They set an outperform rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $10.81.

American Midstream Partners (NYSE:AMID) traded up 1.08% during midday trading on Thursday, hitting $14.05. The stock had a trading volume of 16,270 shares. American Midstream Partners has a 1-year low of $3.80 and a 1-year high of $15.45. The stock’s market capitalization is $446.92 million. The stock’s 50-day moving average is $14.18 and its 200-day moving average is $12.90.

The firm also recently announced a dividend, which was paid on Monday, November 14th. Shareholders of record on Thursday, November 3rd were paid a $0.412 dividend. The ex-dividend date was Tuesday, November 1st. American Midstream Partners’s dividend payout ratio (DPR) is -32.54%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMID. HITE Hedge Asset Management LLC acquired a new position in American Midstream Partners during the third quarter worth $5,162,000. Morgan Stanley raised its stake in American Midstream Partners by 62.7% in the third quarter. Morgan Stanley now owns 799,222 shares of the company’s stock valued at $11,804,000 after buying an additional 307,963 shares during the last quarter. UBS Group AG raised its stake in American Midstream Partners by 302.4% in the third quarter. UBS Group AG now owns 231,860 shares of the company’s stock valued at $3,425,000 after buying an additional 174,243 shares during the last quarter. Credit Suisse AG purchased a new stake in American Midstream Partners during the third quarter valued at approximately $735,000. Finally, Burnham Asset Management Corp NY purchased a new stake in American Midstream Partners during the second quarter valued at approximately $582,000. 28.20% of the stock is currently owned by institutional investors and hedge funds.

American Midstream Partners Company Profile

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products.

5 Day Chart for NYSE:AMID

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