Russell Investments Group Ltd. grew its holdings in shares of Antero Midstream GP LP (NYSE:AMGP) by 86.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,200 shares of the company’s stock after purchasing an additional 138,334 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of Antero Midstream GP worth $6,119,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMGP. Warburg Pincus LLC purchased a new stake in shares of Antero Midstream GP in the second quarter worth about $1,211,309,000. Goldman Sachs Group Inc. purchased a new stake in shares of Antero Midstream GP in the second quarter worth about $126,613,000. Jennison Associates LLC purchased a new stake in shares of Antero Midstream GP in the second quarter worth about $38,645,000. Atlantic Trust Group LLC purchased a new stake in shares of Antero Midstream GP in the second quarter worth about $27,611,000. Finally, Artisan Partners Limited Partnership purchased a new stake in Antero Midstream GP in the second quarter valued at approximately $12,415,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Shares of Antero Midstream GP LP (NYSE AMGP) opened at $18.60 on Monday. Antero Midstream GP LP has a fifty-two week low of $16.62 and a fifty-two week high of $22.87.

Antero Midstream GP (NYSE:AMGP) last announced its earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. The business had revenue of $19.07 million for the quarter, compared to the consensus estimate of $19.44 million. equities analysts forecast that Antero Midstream GP LP will post 0.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st were given a $0.059 dividend. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, October 31st. This represents a $0.24 dividend on an annualized basis and a yield of 1.27%.

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstream GP in a research note on Tuesday, September 5th. Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Robert W. Baird reissued a “buy” rating and set a $28.00 price target on shares of Antero Midstream GP in a research note on Friday, November 3rd. Goldman Sachs Group downgraded shares of Antero Midstream GP from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $23.00 in a research note on Friday, September 8th. Finally, Scotiabank reissued a “hold” rating and set a $24.00 price target on shares of Antero Midstream GP in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.06.

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About Antero Midstream GP

Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.

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Institutional Ownership by Quarter for Antero Midstream GP (NYSE:AMGP)

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