KBC Group NV Grows Stake in Antero Midstream Co. (NYSE:AM)

KBC Group NV grew its position in Antero Midstream Co. (NYSE:AM) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,871 shares of the pipeline company’s stock after buying an additional 1,854 shares during the quarter. KBC Group NV’s holdings in Antero Midstream were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Antero Midstream in the third quarter valued at about $38,000. Financial Management Professionals Inc. boosted its holdings in shares of Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. grew its position in shares of Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Antero Midstream during the 3rd quarter worth approximately $48,000. Finally, Abich Financial Wealth Management LLC lifted its position in Antero Midstream by 21.9% during the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after acquiring an additional 818 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.6 %

NYSE AM opened at $16.05 on Wednesday. The stock has a market cap of $7.72 billion, a P/E ratio of 19.81 and a beta of 2.31. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.86. The company has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $15.11.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend is Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 111.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday.

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.