Allworth Financial LP Raises Holdings in Antero Midstream Co. (NYSE:AM)

Allworth Financial LP grew its position in shares of Antero Midstream Co. (NYSE:AM) by 17.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,305 shares of the pipeline company’s stock after buying an additional 951 shares during the period. Allworth Financial LP’s holdings in Antero Midstream were worth $104,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Birch Capital Management LLC lifted its holdings in Antero Midstream by 1.8% during the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after purchasing an additional 655 shares in the last quarter. Stifel Financial Corp lifted its holdings in Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after purchasing an additional 685 shares in the last quarter. KPP Advisory Services LLC lifted its holdings in Antero Midstream by 3.0% during the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock worth $361,000 after purchasing an additional 700 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after purchasing an additional 705 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its holdings in Antero Midstream by 21.9% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 818 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of NYSE AM opened at $16.27 on Monday. The firm has a market capitalization of $7.78 billion, a P/E ratio of 19.60 and a beta of 2.31. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock’s 50-day simple moving average is $15.83 and its two-hundred day simple moving average is $15.30. Antero Midstream Co. has a twelve month low of $12.78 and a twelve month high of $16.99.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS 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 analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock 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.

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.