Royal Bank of Canada decreased its stake in shares of American Midstream Partners, LP (NYSE:AMID) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,245 shares of the pipeline company’s stock after selling 129 shares during the period. Royal Bank of Canada owned about 0.08% of American Midstream Partners, worth $569,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Citigroup Inc. increased its holdings in American Midstream Partners, by 727.1% during the second quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock valued at $393,000 after buying an additional 26,903 shares during the last quarter. Wells Fargo & Company MN increased its holdings in American Midstream Partners, by 81.4% during the second quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock valued at $737,000 after buying an additional 25,718 shares during the last quarter. Global X Management Co. LLC purchased a new stake in American Midstream Partners, during the second quarter valued at approximately $159,000. Regent Investment Management LLC increased its holdings in American Midstream Partners, by 10.0% during the second quarter. Regent Investment Management LLC now owns 11,000 shares of the pipeline company’s stock valued at $141,000 after buying an additional 1,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in American Midstream Partners, by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 25,133 shares of the pipeline company’s stock valued at $373,000 after buying an additional 10,329 shares during the last quarter. Institutional investors own 42.10% of the company’s stock.

Shares of American Midstream Partners, LP (NYSE:AMID) opened at $13.10 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.01 and a current ratio of 1.07. American Midstream Partners, LP has a 52 week low of $11.10 and a 52 week high of $18.45.

The company 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 $0.4125 dividend. The ex-dividend date is Monday, November 6th. This is a boost from American Midstream Partners,’s previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a dividend yield of 12.60%. American Midstream Partners,’s dividend payout ratio is -217.11%.

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AMID has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $14.00 target price (down from $18.00) on shares of American Midstream Partners, in a report on Monday, August 28th. Zacks Investment Research cut shares of American Midstream Partners, from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. BidaskClub cut shares of American Midstream Partners, from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Finally, ValuEngine raised shares of American Midstream Partners, from a “sell” rating to a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.60.

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.

Institutional Ownership by Quarter for American Midstream Partners, (NYSE:AMID)

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