BidaskClub upgraded shares of American Midstream Partners, LP (NYSE:AMID) from a sell rating to a hold rating in a research note published on Tuesday.

Several other analysts have also recently issued reports on AMID. Royal Bank Of Canada reissued a hold rating and set a $14.00 price objective (down from $18.00) on shares of American Midstream Partners, in a research note on Monday, August 28th. Zacks Investment Research cut shares of American Midstream Partners, from a buy rating to a hold rating in a research note on Thursday, August 31st. ValuEngine raised shares of American Midstream Partners, from a sell rating to a hold rating in a research note on Friday, July 28th. Finally, Citigroup Inc. cut shares of American Midstream Partners, from a buy rating to a neutral rating and lowered their price objective for the company from $18.00 to $16.00 in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $16.60.

American Midstream Partners, (NYSE:AMID) last released its earnings results on Tuesday, August 8th. The pipeline company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.39). The firm had revenue of $193.63 million during the quarter. American Midstream Partners, had a negative return on equity of 19.39% and a negative net margin of 10.35%.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.4125 per share. The ex-dividend date of this dividend is Monday, November 6th. This is a boost from American Midstream Partners,’s previous quarterly dividend of $0.41. This represents a $1.65 annualized dividend and a dividend yield of 12.55%. American Midstream Partners,’s payout ratio is currently -87.30%.

Several hedge funds and other institutional investors have recently made changes to their positions in AMID. Clearbridge Investments LLC purchased a new stake in shares of American Midstream Partners, during the 1st quarter valued at $6,517,000. Morgan Stanley lifted its holdings in shares of American Midstream Partners, by 41.0% during the 1st quarter. Morgan Stanley now owns 829,539 shares of the pipeline company’s stock valued at $12,318,000 after acquiring an additional 241,088 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of American Midstream Partners, by 13.1% during the 1st quarter. Bank of America Corp DE now owns 616,348 shares of the pipeline company’s stock valued at $9,153,000 after acquiring an additional 71,288 shares in the last quarter. California Public Employees Retirement System acquired a new position in shares of American Midstream Partners, during the 1st quarter valued at $858,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of American Midstream Partners, by 44.7% during the 1st quarter. Renaissance Technologies LLC now owns 183,619 shares of the pipeline company’s stock valued at $2,727,000 after acquiring an additional 56,734 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

About American Midstream Partners,

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.

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