Antero Midstream Partners LP (AM) Plans Dividend Increase – $0.37 Per Share
Antero Midstream Partners LP (NYSE:AM) declared a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Investors of record on Thursday, February 1st will be paid a dividend of 0.365 per share by the pipeline company on Tuesday, February 13th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Wednesday, January 31st. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.34.
Antero Midstream Partners has a payout ratio of 93.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Antero Midstream Partners to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 79.5%.
Shares of Antero Midstream Partners (NYSE:AM) opened at $32.13 on Tuesday. The company has a market capitalization of $6,182.99, a price-to-earnings ratio of 22.31, a P/E/G ratio of 0.97 and a beta of 1.79. Antero Midstream Partners has a 12-month low of $25.71 and a 12-month high of $35.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.00 and a quick ratio of 1.00.
Several equities research analysts have recently issued reports on AM shares. Zacks Investment Research lowered Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 25th. ValuEngine lowered Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Scotiabank set a $44.00 target price on Antero Midstream Partners and gave the company a “buy” rating in a research report on Saturday, October 21st. Credit Suisse Group started coverage on Antero Midstream Partners in a research report on Friday, January 5th. They set an “outperform” rating and a $35.00 target price for the company. Finally, Seaport Global Securities started coverage on Antero Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $44.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Antero Midstream Partners has a consensus rating of “Buy” and a consensus target price of $39.55.
A hedge fund recently bought a new stake in Antero Midstream Partners stock. Northern Trust Corp bought a new position in Antero Midstream Partners LP (NYSE:AM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,391 shares of the pipeline company’s stock, valued at approximately $245,000. 49.63% of the stock is currently owned by institutional investors and hedge funds.
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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.
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