Antero Midstream Partners LP (NYSE:AM) shares were down 0% during trading on Friday . The stock traded as low as $31.03 and last traded at $31.24. Approximately 312,968 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 422,134 shares. The stock had previously closed at $31.23.

Several research analysts recently commented on AM shares. Scotiabank set a $44.00 target price on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research note on Monday, May 22nd. Goldman Sachs Group, Inc. (The) started coverage on shares of Antero Midstream Partners in a research note on Monday, May 29th. They issued a “buy” rating and a $45.00 target price on the stock. Mitsubishi UFJ Financial Group started coverage on shares of Antero Midstream Partners in a research note on Monday, May 29th. They issued a “buy” rating and a $30.00 target price on the stock. Credit Suisse Group started coverage on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $40.00 target price on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Antero Midstream Partners presently has a consensus rating of “Buy” and a consensus price target of $38.18.

The stock’s 50-day moving average price is $32.97 and its 200 day moving average price is $33.43. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 21.20 and a beta of 1.96.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.10%. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, August 1st. Antero Midstream Partners’s dividend payout ratio (DPR) is 86.49%.

Institutional investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Antero Midstream Partners by 29.1% during the second quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock valued at $434,000 after buying an additional 2,950 shares during the period. BB&T Securities LLC purchased a new position in shares of Antero Midstream Partners during the first quarter valued at $1,111,000. Bank of America Corp DE increased its stake in shares of Antero Midstream Partners by 39.6% during the first quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock valued at $18,689,000 after buying an additional 159,856 shares during the period. Bank of Montreal Can increased its stake in shares of Antero Midstream Partners by 98.7% during the second quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock valued at $36,894,000 after buying an additional 552,241 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Antero Midstream Partners by 3.5% during the second quarter. Diversified Trust Co now owns 25,190 shares of the pipeline company’s stock valued at $836,000 after buying an additional 842 shares during the period. Hedge funds and other institutional investors own 43.25% of the company’s stock.

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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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