American Midstream Partners LP (AMID) Position Increased by Atlantic Trust Group LLC

Atlantic Trust Group LLC boosted its position in American Midstream Partners LP (NYSE:AMID) by 194.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 920,095 shares of the pipeline company’s stock after buying an additional 607,799 shares during the period. Atlantic Trust Group LLC’s holdings in American Midstream Partners were worth $13,663,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AMID. HITE Hedge Asset Management LLC boosted its stake in shares of American Midstream Partners by 97.1% in the first quarter. HITE Hedge Asset Management LLC now owns 665,069 shares of the pipeline company’s stock worth $9,876,000 after buying an additional 327,672 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of American Midstream Partners by 1,174.2% in the fourth quarter. Guggenheim Capital LLC now owns 365,009 shares of the pipeline company’s stock worth $6,643,000 after buying an additional 336,363 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in shares of American Midstream Partners by 31.5% in the first quarter. Spirit of America Management Corp NY now owns 250,929 shares of the pipeline company’s stock worth $3,726,000 after buying an additional 60,100 shares in the last quarter. Rafferty Asset Management LLC purchased a new stake in shares of American Midstream Partners during the fourth quarter worth about $3,443,000. Finally, American Century Companies Inc. boosted its stake in shares of American Midstream Partners by 119.4% in the first quarter. American Century Companies Inc. now owns 125,279 shares of the pipeline company’s stock worth $1,860,000 after buying an additional 68,185 shares in the last quarter. Institutional investors own 32.80% of the company’s stock.

Institutional Ownership by Quarter for American Midstream Partners (NYSE:AMID)

Shares of American Midstream Partners LP (NYSE:AMID) traded up 2.64% during midday trading on Tuesday, hitting $13.60. The company had a trading volume of 308,202 shares. The company’s market capitalization is $711.54 million. American Midstream Partners LP has a 12-month low of $10.39 and a 12-month high of $18.45. The company’s 50-day moving average price is $14.19 and its 200 day moving average price is $15.70.

American Midstream Partners (NYSE:AMID) last announced its quarterly earnings results on Wednesday, May 10th. The pipeline company reported ($0.75) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.84. American Midstream Partners had a negative net margin of 60.13% and a positive return on equity of 9.97%. The firm had revenue of $199.63 million during the quarter. Equities research analysts predict that American Midstream Partners LP will post $0.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 12.13%. The ex-dividend date was Wednesday, May 3rd. American Midstream Partners’s payout ratio is -32.54%.

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Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded American Midstream Partners from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of American Midstream Partners in a research note on Friday, March 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. American Midstream Partners presently has an average rating of “Buy” and an average target price of $18.25.

About American Midstream Partners

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.

12 Month Chart for NYSE:AMID

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