Wedmont Private Capital Makes New Investment in Antero Midstream Co. (NYSE:AM)

Wedmont Private Capital purchased a new position in shares of Antero Midstream Co. (NYSE:AM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,643 shares of the pipeline company’s stock, valued at approximately $208,000.

Several other hedge funds have also made changes to their positions in AM. Lindbrook Capital LLC grew its stake in shares of Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after buying an additional 919 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,930 shares during the period. GAMMA Investing LLC acquired a new stake in Antero Midstream during the 4th quarter worth approximately $51,000. Principal Securities Inc. purchased a new position in Antero Midstream in the fourth quarter valued at approximately $62,000. Finally, Security National Bank acquired a new position in Antero Midstream during the fourth quarter valued at approximately $96,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.6 %

NYSE:AM opened at $14.45 on Monday. The company has a market cap of $6.95 billion, a PE ratio of 18.06 and a beta of 2.31. The business’s 50 day moving average is $14.34 and its two-hundred day moving average is $13.42. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. Antero Midstream Co. has a 52 week low of $10.68 and a 52 week high of $15.10.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. On average, analysts predict that Antero Midstream Co. will post 0.87 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AM. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream currently has an average rating of “Hold” and an average target price of $12.70.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.