Cohen & Steers Inc. Has $59.06 Million Holdings in Antero Midstream GP LP (AMGP)

Cohen & Steers Inc. decreased its position in Antero Midstream GP LP (NYSE:AMGP) by 1.8% during the third quarter, HoldingsChannel.com reports. The fund owned 3,490,404 shares of the company’s stock after selling 63,492 shares during the quarter. Cohen & Steers Inc.’s holdings in Antero Midstream GP were worth $59,058,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMGP. Neuberger Berman Group LLC increased its position in shares of Antero Midstream GP by 29.8% in the third quarter. Neuberger Berman Group LLC now owns 5,331,021 shares of the company’s stock valued at $90,201,000 after acquiring an additional 1,225,227 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of Antero Midstream GP by 19.8% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 6,626,532 shares of the company’s stock valued at $112,121,000 after acquiring an additional 1,093,947 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Antero Midstream GP in the third quarter valued at about $13,792,000. Key Group Holdings Cayman LTD. increased its position in shares of Antero Midstream GP by 743.4% in the third quarter. Key Group Holdings Cayman LTD. now owns 712,000 shares of the company’s stock valued at $12,047,000 after acquiring an additional 627,584 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its position in shares of Antero Midstream GP by 93.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,096,800 shares of the company’s stock valued at $18,551,000 after acquiring an additional 529,500 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.

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Shares of NYSE AMGP opened at $12.79 on Wednesday. Antero Midstream GP LP has a 1 year low of $12.55 and a 1 year high of $22.39. The stock has a market cap of $2.50 billion, a P/E ratio of 51.62 and a beta of 1.06.

Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Antero Midstream GP had a net margin of 40.12% and a return on equity of 231.93%. The company had revenue of $37.82 million for the quarter, compared to analysts’ expectations of $37.72 million. During the same quarter in the prior year, the firm earned $0.02 EPS. Antero Midstream GP’s quarterly revenue was up 98.3% compared to the same quarter last year. As a group, research analysts forecast that Antero Midstream GP LP will post 0.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Friday, November 2nd were given a dividend of $0.144 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.58 annualized dividend and a dividend yield of 4.50%. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.13. Antero Midstream GP’s payout ratio is currently 1,933.33%.

A number of equities analysts have issued reports on the stock. Credit Suisse Group decreased their price objective on shares of Antero Midstream GP from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 21st. Zacks Investment Research cut shares of Antero Midstream GP from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Barclays decreased their price objective on shares of Antero Midstream GP from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, October 12th. ValuEngine upgraded shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective on shares of Antero Midstream GP in a research report on Tuesday, September 18th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.30.

Antero Midstream GP Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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