Antero Midstream GP LP (NYSE:AMGP) insider Kevin J. Kilstrom sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $20.36, for a total transaction of $1,018,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Antero Midstream GP LP (NYSE:AMGP) opened at $19.69 on Wednesday. Antero Midstream GP LP has a twelve month low of $16.62 and a twelve month high of $22.87.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Thursday, February 1st were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Wednesday, January 31st. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.06.
AMGP has been the subject of several research reports. Wells Fargo & Co raised shares of Antero Midstream GP from a “market perform” rating to an “outperform” rating in a research note on Monday, November 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Citigroup raised shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, December 6th. Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Monday, December 25th. Finally, Barclays downgraded Antero Midstream GP from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $26.00 to $23.00 in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $25.89.
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Antero Midstream GP Company Profile
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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