Victory Capital Management Inc. Grows Stock Position in Antero Midstream Co. (NYSE:AM)

Victory Capital Management Inc. increased its holdings in Antero Midstream Co. (NYSE:AM) by 44.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,884 shares of the pipeline company’s stock after buying an additional 60,654 shares during the period. Victory Capital Management Inc.’s holdings in Antero Midstream were worth $2,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AM. Financial Management Professionals Inc. boosted its position 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 worth $41,000 after buying an additional 1,000 shares in the last quarter. Brooklyn Investment Group acquired a new position in Antero Midstream in the 3rd quarter valued at about $48,000. Blue Trust Inc. raised its stake in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares during the last quarter. GAMMA Investing LLC raised its stake in Antero Midstream by 44.5% in the 4th 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 last quarter. Finally, Allworth Financial LP raised its stake in Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after purchasing an additional 951 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday.

Antero Midstream Trading Up 0.5 %

NYSE AM opened at $17.01 on Monday. The company has a market cap of $8.14 billion, a P/E ratio of 20.49 and a beta of 2.33. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $17.19. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50-day moving average of $16.30 and a 200-day moving average of $15.53.

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 the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. As a group, equities analysts predict that Antero Midstream Co. will post 0.95 earnings per share 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. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.29%. Antero Midstream’s payout ratio is currently 108.43%.

Antero Midstream 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.