Antero Midstream Partners LP (NYSE:AM) has received an average recommendation of “Buy” from the seventeen research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.18.

AM has been the subject of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstream Partners in a research report on Tuesday, September 5th. BidaskClub raised Antero Midstream Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Scotiabank set a $44.00 price target on Antero Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, July 22nd. TheStreet downgraded Antero Midstream Partners from a “b” rating to a “c+” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine downgraded Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Shares of Antero Midstream Partners (NYSE AM) opened at 31.11 on Friday. The company’s 50 day moving average is $31.80 and its 200 day moving average is $32.88. Antero Midstream Partners has a 12-month low of $27.01 and a 12-month high of $35.74. The firm has a market capitalization of $5.80 billion, a PE ratio of 21.13 and a beta of 1.92.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.32. Antero Midstream Partners’s dividend payout ratio is currently 86.49%.

In related news, major shareholder Resources Corp Antero sold 10,000,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $31.11, for a total value of $311,100,000.00. Following the sale, the insider now owns 98,870,335 shares in the company, valued at approximately $3,075,856,121.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.91% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AM. The Manufacturers Life Insurance Company raised its stake in Antero Midstream Partners by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 410 shares during the period. Proficio Capital Partners LLC bought a new stake in Antero Midstream Partners in the 1st quarter valued at $230,000. Northern Trust Corp bought a new stake in Antero Midstream Partners in the 2nd quarter valued at $245,000. Keybank National Association OH raised its stake in Antero Midstream Partners by 4.8% in the 2nd quarter. Keybank National Association OH now owns 7,790 shares of the pipeline company’s stock valued at $258,000 after acquiring an additional 360 shares during the period. Finally, US Bancorp DE raised its stake in Antero Midstream Partners by 6.4% in the 2nd quarter. US Bancorp DE now owns 8,108 shares of the pipeline company’s stock valued at $269,000 after acquiring an additional 488 shares during the period. Institutional investors and hedge funds own 43.22% of the company’s stock.

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About Antero Midstream Partners

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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