Proficio Capital Partners LLC Acquires New Stake in Antero Midstream Co. (NYSE:AM)

Proficio Capital Partners LLC bought a new position in Antero Midstream Co. (NYSE:AM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 32,214 shares of the pipeline company’s stock, valued at approximately $486,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its holdings in shares of 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 last quarter. Brooklyn Investment Group bought a new position in Antero Midstream in the third quarter valued at $48,000. Blue Trust Inc. increased 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 buying an additional 2,612 shares during the last quarter. Allworth Financial LP lifted its position in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after buying an additional 951 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after buying an additional 1,962 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th.

Antero Midstream Stock Performance

Shares of AM opened at $17.99 on Tuesday. The company has a market cap of $8.61 billion, a PE ratio of 21.67 and a beta of 2.33. The firm has a 50-day moving average of $16.55 and a 200-day moving average of $15.66. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.11. 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 posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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 forecast that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio 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.