American Midstream Partners, LP (NYSE:AMID) is expected to pay $0.41 on Nov 14, 2016. The indicated annual dividend is $1.65. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on American Midstream Partners, LP’s current price of $14.10, the dividend is 2.92%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 21, 2016. The stock decreased 2.42% or $0.35 on October 28, hitting $14.1. American Midstream Partners LP (NYSE:AMID) has risen 104.05% since March 29, 2016 and is uptrending. It has outperformed by 100.58% the S&P500.
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The company has a market cap of $431.63 million. The Firm is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids ; gathering, storing and transporting crude oil and condensates, and storing specialty chemical products. It currently has negative earnings. It operates through three divisions: Gathering and Processing, Transmission and Terminals.
Insitutional Activity: The institutional sentiment decreased to 0.64 in Q2 2016. Its down 1.07, from 1.71 in 2016Q1. The ratio fall, as 11 funds sold all American Midstream Partners LP shares owned while 14 reduced positions. 8 funds bought stakes while 8 increased positions. They now own 10.22 million shares or 27.90% less from 14.18 million shares in 2016Q1.
Sigma Planning Corp holds 11,601 shares or 0.02% of its portfolio. The New York-based Spirit Of America Mgmt Ny has invested 0.07% in American Midstream Partners LP (NYSE:AMID). Renaissance Techs Lc accumulated 43,800 shares or 0% of the stock. Gsa Cap Prns Llp accumulated 34,100 shares or 0.02% of the stock. Arrow Inv Advisors Ltd Liability Com accumulated 0.25% or 98,322 shares. Manufacturers Life Ins Co The has invested 0% of its portfolio in American Midstream Partners LP (NYSE:AMID). Deutsche National Bank Ag accumulated 0% or 49,485 shares. Bank & Trust Of Montreal Can reported 25,000 shares or 0% of all its holdings. Savings Bank Of America De accumulated 548,283 shares or 0% of the stock. Moreover, Tfs Lc has 0.03% invested in American Midstream Partners LP (NYSE:AMID) for 13,000 shares. Raymond James Svcs Advsrs accumulated 0% or 27,000 shares. Ladenburg Thalmann Inc owns 685 shares or 0% of their US portfolio. Next Financial Gp holds 0.02% or 6,000 shares in its portfolio. Peak6 Investments L P accumulated 8,717 shares or 0% of the stock. Tower Research Capital Ltd Liability (Trc), a New York-based fund reported 600 shares.
Insider Transactions: Since July 12, 2016, the stock had 0 insider purchases, and 14 selling transactions for $26.80 million net activity. On Wednesday, August 17 the insider Energy Spectrum Securities Corp sold $11.23 million.
American Midstream Partners LP (NYSE:AMID) Ratings Coverage
Out of 7 analysts covering American Midstream Partners LP (NYSE:AMID), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $19 is the highest target while $6.50 is the lowest. The $11.92 average target is -15.46% below today’s ($14.1) stock price. American Midstream Partners LP has been the topic of 14 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Tuesday, October 25 with “Outperform”. The firm has “Overweight” rating given on Monday, November 16 by Barclays Capital. As per Friday, January 15, the company rating was downgraded by Wells Fargo. The stock of American Midstream Partners LP (NYSE:AMID) earned “Buy” rating by UBS on Friday, April 29. The rating was upgraded by Barclays Capital on Wednesday, August 12 to “Overweight”. Ladenburg Thalmann downgraded the shares of AMID in a report on Tuesday, March 15 to “Neutral” rating. RBC Capital Markets initiated American Midstream Partners LP (NYSE:AMID) on Friday, August 19 with “Outperform” rating. The stock of American Midstream Partners LP (NYSE:AMID) has “Market Perform” rating given on Monday, January 18 by Wells Fargo. The firm has “Neutral” rating given on Thursday, November 19 by Citigroup. The firm earned “Equal Weight” rating on Monday, January 11 by Barclays Capital.
More notable recent American Midstream Partners LP (NYSE:AMID) news were published by: Seekingalpha.com which released: “Rapidly Growing American Midstream Partners LP Is Under Construction” on October 31, 2016, also Businessinsider.com with their article: “Two oil pipeline companies are combining in a $2 billion deal” published on October 24, 2016, Businesswire.com published: “American Midstream Announces Retirement of Steve Bergstrom and Appointment of …” on December 14, 2015. More interesting news about American Midstream Partners LP (NYSE:AMID) were released by: Seekingalpha.com and their article: “MLP Bottom Fishing 6: American Midstream Partners LP” published on April 18, 2016 as well as Businesswire.com‘s news article titled: “American Midstream Announces Twenty-First Consecutive Distribution” with publication date: October 21, 2016.
AMID Company Profile
American Midstream Partners, LP, incorporated on August 20, 2009, owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Firm is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products, through its ownership and operation of over 10 gathering systems, five processing facilities, three fractionation facilities, three marine terminal sites, three interstate pipelines, five intrastate pipelines and one crude oil pipeline. The Firm operates through three divisions: Gathering and Processing, Transmission and Terminals. The Firm also owns an interest in Main Pass Oil Gathering Company (MPOG), a crude oil gathering and processing system; the Burns Point Plant, a natural gas processing plant; Mesquite, an off-spec condensate fractionation project, and Delta House, a floating production system platform and related pipeline infrastructure. The Company’s primary assets, which are located in Alabama, Georgia, Louisiana, Mississippi, North Dakota, Tennessee, Texas, and the Gulf of Mexico, provide infrastructure that links producers of crude oil, natural gas, NGLs, condensate and specialty chemicals to the intermediate and end use markets. The Firm operates approximately 3,000 miles of pipelines that gather and operate approximately 1.8 million barrels of storage capacity across three marine terminal sites.
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