Fisher Asset Management LLC Takes Position in Antero Midstream Co. (NYSE:AM)

Fisher Asset Management LLC purchased a new stake in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,920 shares of the pipeline company’s stock, valued at approximately $165,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Antero Midstream during 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 worth $41,000 after purchasing an additional 1,000 shares during the last quarter. Brooklyn Investment Group purchased a new position in Antero Midstream in the third quarter worth $48,000. Blue Trust Inc. grew its holdings in Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after purchasing an additional 2,612 shares during the last quarter. 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 worth $96,000 after purchasing an additional 1,962 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AM shares. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday.

Antero Midstream Price Performance

Shares of AM opened at $16.46 on Friday. The firm has a market capitalization of $7.88 billion, a PE ratio of 19.83 and a beta of 2.33. 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 Co. has a 1-year low of $13.12 and a 1-year high of $17.19. The company’s fifty day moving average price is $16.14 and its 200-day moving average price is $15.45.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. On average, equities research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

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.