B. Riley Wealth Advisors Inc. Has $421,000 Stock Position in Antero Midstream Co. (NYSE:AM)

B. Riley Wealth Advisors Inc. grew its stake in shares of Antero Midstream Co. (NYSE:AM) by 200.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,635 shares of the pipeline company’s stock after acquiring an additional 22,444 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Antero Midstream were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Antero Midstream by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after purchasing an additional 193,263 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Antero Midstream by 19.2% in the fourth quarter. Wellington Management Group LLP now owns 1,696,887 shares of the pipeline company’s stock valued at $21,262,000 after acquiring an additional 272,751 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Antero Midstream by 50.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,513,473 shares of the pipeline company’s stock valued at $18,964,000 after acquiring an additional 507,577 shares in the last quarter. Prospect Financial Services LLC bought a new position in Antero Midstream during the fourth quarter worth about $135,000. Finally, Cohen & Steers Inc. raised its stake in Antero Midstream by 18.2% in the 4th quarter. Cohen & Steers Inc. now owns 259,792 shares of the pipeline company’s stock worth $3,255,000 after purchasing an additional 39,982 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $14.66 on Tuesday. The firm has a 50 day moving average of $14.36 and a 200-day moving average of $13.43. Antero Midstream Co. has a 12 month low of $10.72 and a 12 month high of $15.10. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $7.05 billion, a PE ratio of 18.33 and a beta of 2.31.

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

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is presently 112.50%.

Analysts Set New Price Targets

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

About Antero Midstream

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.