Blue Trust Inc. Increases Holdings in Antero Midstream Co. (NYSE:AM)

Blue Trust Inc. lifted its position in Antero Midstream Co. (NYSE:AM) by 84.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,712 shares of the pipeline company’s stock after purchasing an additional 2,612 shares during the quarter. Blue Trust Inc.’s holdings in Antero Midstream were worth $86,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AM. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream in the third quarter valued at approximately $38,000. Financial Management Professionals Inc. grew its holdings in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Brooklyn Investment Group acquired a new stake in Antero Midstream in the third quarter valued at approximately $48,000. Abich Financial Wealth Management LLC grew its holdings in Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 818 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after purchasing an additional 1,962 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

NYSE AM opened at $16.27 on Friday. The company has a market cap of $7.78 billion, a PE ratio of 19.60 and a beta of 2.31. The stock’s 50 day simple moving average is $15.83 and its 200-day simple moving average is $15.29. Antero Midstream Co. has a 1-year low of $12.78 and a 1-year high of $16.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, equities research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.53%. Antero Midstream’s payout ratio is 108.44%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

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.