Janney Montgomery Scott LLC Reduces Position in Antero Midstream Co. (NYSE:AM)

Janney Montgomery Scott LLC decreased its stake in shares of Antero Midstream Co. (NYSE:AM) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,317 shares of the pipeline company’s stock after selling 3,067 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Antero Midstream were worth $835,000 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 stock. FMR LLC raised its holdings in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after buying an additional 293,238 shares during the period. Geode Capital Management LLC boosted its stake in shares of Antero Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after buying an additional 251,987 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after acquiring an additional 203,967 shares during the period. Finally, PDT Partners LLC raised its position in Antero Midstream by 291.0% during the third quarter. PDT Partners LLC now owns 254,900 shares of the pipeline company’s stock valued at $3,836,000 after acquiring an additional 189,710 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

NYSE AM opened at $16.03 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 19.80 and a beta of 2.31. The stock has a 50-day moving average of $15.58 and a 200 day moving average of $15.12. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $16.86.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.61%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company downgraded 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.

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.