BlackRock Inc. Has $6.09 Million Stake in Antero Midstream GP LP (AMGP)

BlackRock Inc. lifted its position in Antero Midstream GP LP (NYSE:AMGP) by 16.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 322,864 shares of the company’s stock after buying an additional 46,146 shares during the period. BlackRock Inc. owned about 0.17% of Antero Midstream GP worth $6,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Guggenheim Capital LLC raised its holdings in shares of Antero Midstream GP by 8.8% during the first quarter. Guggenheim Capital LLC now owns 72,902 shares of the company’s stock valued at $1,166,000 after purchasing an additional 5,888 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Antero Midstream GP by 52.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,000 shares of the company’s stock valued at $547,000 after purchasing an additional 10,000 shares during the last quarter. UBS Group AG raised its holdings in shares of Antero Midstream GP by 18.4% during the first quarter. UBS Group AG now owns 75,654 shares of the company’s stock valued at $1,209,000 after purchasing an additional 11,770 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Antero Midstream GP by 856.2% during the first quarter. Cubist Systematic Strategies LLC now owns 14,438 shares of the company’s stock valued at $231,000 after purchasing an additional 12,928 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Antero Midstream GP by 21.5% during the first quarter. Wells Fargo & Company MN now owns 101,823 shares of the company’s stock valued at $1,628,000 after purchasing an additional 18,026 shares during the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.

In other Antero Midstream GP news, insider K. Phil Yoo sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $16.76, for a total transaction of $83,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin J. Kilstrom sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $18.81, for a total transaction of $940,500.00. The disclosure for this sale can be found here.

Several research firms have recently weighed in on AMGP. Zacks Investment Research raised shares of Antero Midstream GP from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday. Barclays decreased their price objective on shares of Antero Midstream GP from $23.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, October 12th. Credit Suisse Group began coverage on shares of Antero Midstream GP in a report on Thursday, October 11th. They set a “neutral” rating and a $20.00 price objective for the company. ValuEngine raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $19.00 price objective on shares of Antero Midstream GP in a report on Tuesday, September 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.36.

Shares of AMGP stock opened at $15.22 on Friday. Antero Midstream GP LP has a 12 month low of $14.85 and a 12 month high of $22.39. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 507.33 and a beta of 1.11.

Antero Midstream GP (NYSE:AMGP) last announced its earnings results on Wednesday, October 31st. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). Antero Midstream GP had a net margin of 40.12% and a return on equity of 231.93%. The business had revenue of $37.82 million for the quarter, compared to analysts’ expectations of $37.72 million. During the same period in the prior year, the company posted $0.02 earnings per share. The firm’s quarterly revenue was up 98.3% on a year-over-year basis. As a group, equities research analysts predict that Antero Midstream GP LP will post 0.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Friday, November 2nd will be issued a dividend of $0.144 per share. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, November 1st. Antero Midstream GP’s dividend payout ratio is currently 1,933.33%.

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About Antero Midstream GP

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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Institutional Ownership by Quarter for Antero Midstream GP (NYSE:AMGP)

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