Grisanti Capital Management LLC reduced its holdings in Rice Midstream Partners LP (NYSE:RMP) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 57,455 shares of the oil and gas producer’s stock after selling 6,235 shares during the quarter. Grisanti Capital Management LLC’s holdings in Rice Midstream Partners were worth $1,234,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Alps Advisors Inc. grew its position in shares of Rice Midstream Partners by 2.3% in the fourth quarter. Alps Advisors Inc. now owns 6,112,118 shares of the oil and gas producer’s stock valued at $131,227,000 after purchasing an additional 138,326 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rice Midstream Partners in the fourth quarter valued at about $2,065,000. Bank of Montreal Can grew its position in shares of Rice Midstream Partners by 32.2% in the fourth quarter. Bank of Montreal Can now owns 1,406,700 shares of the oil and gas producer’s stock valued at $30,202,000 after purchasing an additional 343,000 shares during the last quarter. Starfire Investment Advisers Inc. acquired a new stake in shares of Rice Midstream Partners in the fourth quarter valued at about $811,000. Finally, Atlantic Trust Group LLC grew its position in shares of Rice Midstream Partners by 45.1% in the third quarter. Atlantic Trust Group LLC now owns 2,341,401 shares of the oil and gas producer’s stock valued at $49,029,000 after purchasing an additional 727,930 shares during the last quarter.

Several equities research analysts have recently issued reports on the company. ValuEngine downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Johnson Rice downgraded Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a research report on Monday, January 29th. Citigroup assumed coverage on Rice Midstream Partners in a research report on Monday, January 22nd. They issued a “neutral” rating and a $24.00 price target on the stock. Zacks Investment Research downgraded Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, TheStreet raised Rice Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of Rice Midstream Partners LP (NYSE RMP) opened at $19.45 on Friday. Rice Midstream Partners LP has a 1 year low of $16.87 and a 1 year high of $26.42. The firm has a market capitalization of $1,430.53, a PE ratio of 11.31, a P/E/G ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.95.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Friday, February 2nd will be given a dividend of $0.2917 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.28. This represents a $1.17 dividend on an annualized basis and a yield of 6.00%. Rice Midstream Partners’s dividend payout ratio (DPR) is 68.02%.

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Rice Midstream Partners Company Profile

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s segments are gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.

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Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

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