Antero Midstream Partners LP (AM) Shares Bought by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. boosted its position in Antero Midstream Partners LP (NYSE:AM) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,885 shares of the pipeline company’s stock after buying an additional 3,928 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Antero Midstream Partners were worth $2,517,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AM. Russell Investments Group Ltd. acquired a new position in Antero Midstream Partners in the 1st quarter valued at $3,702,000. BNP Paribas Arbitrage SA acquired a new position in Antero Midstream Partners in the 1st quarter valued at $330,000. Ameriprise Financial Inc. acquired a new position in Antero Midstream Partners in the 1st quarter valued at $484,000. Keybank National Association OH grew its stake in Antero Midstream Partners by 6.2% in the 1st quarter. Keybank National Association OH now owns 7,430 shares of the pipeline company’s stock valued at $246,000 after buying an additional 435 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Antero Midstream Partners by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,526,482 shares of the pipeline company’s stock valued at $50,618,000 after buying an additional 322,457 shares during the last quarter. Institutional investors and hedge funds own 43.18% of the company’s stock.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. TheStreet lowered shares of Antero Midstream Partners from a “b” rating to a “c+” rating in a research note on Tuesday, August 22nd. Stifel Nicolaus upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, August 15th. Scotiabank set a $44.00 target price on shares of Antero Midstream Partners and gave the company a “buy” rating in a research note on Saturday, July 22nd. Finally, Robert W. Baird set a $42.00 target price on shares of Antero Midstream Partners and gave the company a “buy” rating in a research note on Sunday, September 10th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $38.50.
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Shares of Antero Midstream Partners LP (AM) opened at 31.53 on Friday. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 21.42 and a beta of 1.96. The firm has a 50-day moving average of $32.37 and a 200 day moving average of $33.24. Antero Midstream Partners LP has a 52-week low of $25.49 and a 52-week high of $35.74.
In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $31.11, for a total value of $311,100,000.00. Following the transaction, the insider now directly owns 98,870,335 shares in the company, valued at $3,075,856,121.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.91% of the stock is owned by insiders.
Antero Midstream Partners Company Profile
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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