10,727 Shares in Antero Midstream GP LP (AMGP) Acquired by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA acquired a new position in Antero Midstream GP LP (NYSE:AMGP) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 10,727 shares of the company’s stock, valued at approximately $220,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Warburg Pincus LLC purchased a new stake in shares of Antero Midstream GP in the 2nd quarter worth about $1,211,309,000. Goldman Sachs Group Inc. acquired a new position in Antero Midstream GP in the 2nd quarter valued at about $126,613,000. Jennison Associates LLC acquired a new position in Antero Midstream GP in the 2nd quarter valued at about $38,645,000. Atlantic Trust Group LLC acquired a new position in Antero Midstream GP in the 2nd quarter valued at about $27,611,000. Finally, Artisan Partners Limited Partnership acquired a new position in Antero Midstream GP in the 2nd quarter valued at about $12,415,000. Institutional investors and hedge funds own 64.73% of the company’s stock.
Antero Midstream GP LP (NYSE:AMGP) opened at $19.00 on Friday. Antero Midstream GP LP has a one year low of $16.62 and a one year high of $22.87.
Antero Midstream GP (NYSE:AMGP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. The company had revenue of $19.07 million for the quarter, compared to analyst estimates of $19.44 million. sell-side analysts expect that Antero Midstream GP LP will post 0.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 23rd. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.059 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.03.
Several research analysts recently weighed in on the stock. Scotiabank reissued a “hold” rating and issued a $24.00 target price on shares of Antero Midstream GP in a research note on Wednesday, October 4th. Seaport Global Securities assumed coverage on shares of Antero Midstream GP in a research note on Tuesday, October 10th. They issued a “buy” rating and a $26.00 target price for the company. Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Robert W. Baird reissued a “buy” rating and issued a $28.00 target price on shares of Antero Midstream GP in a research note on Friday, November 3rd. Finally, Citigroup raised shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.06.
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About Antero Midstream GP
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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