The New High Point Infrastructure Partners Holding in American Midstream Partners
High Point Infrastructure Partners filed with the SEC SC 13D/A form for American Midstream Partners. The form can be accessed here: 000119312516757500. As reported in High Point Infrastructure Partners’s form, the filler as of late owns 48.1% or 25,518,831 shares of the Utilities & Telecommunications–company.
American Midstream Partners stake is a new one for the and it was filed because of activity on October 31, 2016. We feel this shows High Point Infrastructure Partners’s positive view for the stock.
Reasons Why High Point Infrastructure Partners Bought – American Midstream Partners Stock
ITEM4. Purpose of Transaction
Item4 ishereby amended and supplemented by adding the following immediately after the last paragraph:
The Issuer entered into Amendment No. 2 to the PartnershipAgreement, which amendment created the SeriesD Units. Proceeds from the sale of the Series D Units to Purchaser were used as financing for certain acquisitions by the Issuer.
The terms of the Series D Units provide for, among other things: (i)quarterly distributions to be paid in cash, (ii)voting rights identical to thevoting rights of the Common Units and voting as a single class with the Common Units, with each Series D Unit entitled to one vote for each Common Unit into which such SeriesD Unit is convertible, (iii)separate voting rights on anymatter that adversely affects, amends or modifies the rights, preferences, privileges or terms of the Series D Units and (iv)a consent right over certain actions to be taken by the Issuer’s general partner. At any time after June 30, 2017the Series D Units may be converted into Common Units at the Series D Conversion Rate (as defined in the Partnership Agreement and initially set at 1.0 Common Units issuable upon the conversion of each Series D Unit) at the option of the holder. Onor prior to June 30, 2017, the Issuer may exercise the right to call all or a portion of the then outstanding Series D Units, subject to the terms and conditions set forth in the Partnership Agreement.
Prior to the consummation of any recapitalization, reorganization, consolidation, merger, spin-off or otherbusiness combination in which the holders of Common Units are to receive securities, cash or other assets (a “Partnership Event”), the Issuer is obligated to make an irrevocable written offer, subject to consummation of the PartnershipEvent, to each holder of Series D Units to redeem all (but not less than all) of such holder’s Series D Units for a price per Series D Unit payable in cash
The foregoing is a summary only and the terms and conditions of the Series D Units are qualified in their entirety by reference to Amendment No. 2 to thePartnership Agreement and the Purchase Agreement, which will be filed by the Issuer as exhibits to a Current Report on Form 8-K.
American Midstream Partners Institutional Sentiment
Latest Security and Exchange filings show 35 investors own American Midstream Partners. The institutional ownership in Q3 2015 is low, at 42.83% of the outstanding shares. This is increased by 3977930 the total institutional shares. 13341137 were the shares owned by these institutional investors. In total 6 funds opened new American Midstream Partners stakes, 12 increased stakes. There were 5 that closed positions and 10 reduced them.
Hilton Capital Management Llc is an institutional investor bullish on American Midstream Partners, owning 20550 shares as of Q3 2015 for 0.08% of its portfolio. Harvest Fund Advisors Llc owns 691833 shares or less than 0.01% of its portfolio. TX Salient Capital Advisors Llc have 0.35% of their stock portfolio for 1282540 shares. Further, Price Michael F reported stake worth 0.58% of its US stock portfolio. The V8 Starr International Co Inc owns 100000 shares. American Midstream Partners is 0.11% of the manager’s US portfolio.
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company 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. It operates through three segments: Gathering and Processing, Transmission and Terminals. The Gathering and Processing Segment consists of midstream natural gas systems that provide services, such as gathering, compression, treating, processing, fractionating, transportation, and sale of natural gas, NGLs and condensate. Its Transmission Segment consists of interstate and intrastate pipelines that transport natural gas from interconnection points on other pipelines or production points to customers. Its Terminals segment provides above-ground storage services at its marine terminals.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 0.64 in 2016 Q2. Its down 1.07, from 1.71 in 2016Q1. The ratio dived, 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.
Peak6 L P holds 8,717 shares or 0% of its portfolio. Deere has 35,375 shares for 0.02% of their US portfolio. Tower Limited Liability Company (Trc) has 0% invested in the company for 600 shares. Renaissance Tech Ltd Liability has invested 0% of its portfolio in American Midstream Partners LP (NYSE:AMID). Wells Fargo And Co Mn holds 13,488 shares or 0% of its portfolio. Gsa Prtn Limited Liability Partnership has 0.02% invested in the company for 34,100 shares. Gru One Trading Lp holds 10,237 shares or 0% of its portfolio. Burnham Asset Management Corp Ny has 0.16% invested in the company for 49,205 shares. Atlantic Trust Group Limited Liability Com owns 312,296 shares or 0.03% of their US portfolio. Citadel Advisors Limited Liability Company owns 12,646 shares or 0% of their US portfolio. Security National Com, a West Virginia-based fund reported 4,500 shares. Advisory Research, a Illinois-based fund reported 465,968 shares. Manufacturers Life The accumulated 0% or 1,049 shares. The Switzerland-based Starr has invested 0.12% in American Midstream Partners LP (NYSE:AMID). Neuberger Berman Gp Limited accumulated 1.95 million shares or 0.03% of the stock.
Insider Transactions: Since July 12, 2016, the stock had 0 buys, and 14 insider sales for $26.80 million net activity. Energy Spectrum Securities Corp sold 31,845 shares worth $382,968.
Analysts await American Midstream Partners LP (NYSE:AMID) to report earnings on November, 14. They expect $0.37 EPS, up 408.33% or $0.49 from last year’s $-0.12 per share. AMID’s profit will be $11.53 million for 9.39 P/E if the $0.37 EPS becomes a reality. After $0.24 actual EPS reported by American Midstream Partners LP for the previous quarter, Wall Street now forecasts 54.17% EPS growth.
The stock increased 5.30% or $0.7 on November 2, hitting $13.9. American Midstream Partners LP (NYSE:AMID) has risen 111.25% since April 1, 2016 and is uptrending. It has outperformed by 110.03% 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 $433.05 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.
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 -14.24% below today’s ($13.9) stock price. American Midstream Partners LP has been the topic of 14 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded the shares of AMID in a report on Monday, January 11 to “Equal Weight” rating. The stock of American Midstream Partners LP (NYSE:AMID) earned “Neutral” rating by Citigroup on Thursday, November 19. UBS upgraded American Midstream Partners LP (NYSE:AMID) rating on Wednesday, August 12. UBS has “Neutral” rating and $13 price target. The firm has “Buy” rating by Ladenburg Thalmann given on Thursday, July 21. The stock of American Midstream Partners LP (NYSE:AMID) has “Overweight” rating given on Monday, November 16 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Wednesday, August 12. The stock of American Midstream Partners LP (NYSE:AMID) has “Hold” rating given on Wednesday, January 20 by Wunderlich. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, January 18 report. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 25. The rating was upgraded by UBS to “Buy” on Friday, April 29.
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, Streetinsider.com published: “American Midstream Partners (AMID) Acquires Additional Minority Interests in …” on November 01, 2016. More interesting news about American Midstream Partners LP (NYSE:AMID) were released by: Businesswire.com and their article: “American Midstream Announces Retirement of Steve Bergstrom and Appointment of …” published on December 14, 2015 as well as Seekingalpha.com‘s news article titled: “MLP Bottom Fishing 6: American Midstream Partners LP” with publication date: April 18, 2016.
According to Zacks Investment Research, “American Midstream Partners, LP owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas through its ownership and operation of gathering systems, processing facilities and pipelines. Its primary assets, which are located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers. American Midstream Partners, LP is based in Denver, Colorado.”
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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