Raymond James Financial Inc. Makes New $5.72 Million Investment in Antero Midstream Co. (NYSE:AM)

Raymond James Financial Inc. acquired a new position in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 379,207 shares of the pipeline company’s stock, valued at approximately $5,722,000. Raymond James Financial Inc. owned 0.08% of Antero Midstream as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Arizona State Retirement System grew its stake in shares of Antero Midstream by 0.8% in the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company’s stock valued at $1,581,000 after buying an additional 824 shares during the period. Aigen Investment Management LP grew its stake in Antero Midstream by 135.0% in the fourth quarter. Aigen Investment Management LP now owns 33,916 shares of the pipeline company’s stock valued at $512,000 after acquiring an additional 19,484 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Antero Midstream during the fourth quarter valued at approximately $486,000. Victory Capital Management Inc. increased its holdings in shares of Antero Midstream by 44.9% during the fourth quarter. Victory Capital Management Inc. now owns 195,884 shares of the pipeline company’s stock valued at $2,956,000 after acquiring an additional 60,654 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Antero Midstream by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company’s stock worth $57,769,000 after purchasing an additional 37,787 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Shares of Antero Midstream stock 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 company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.11. The business has a 50 day moving average price of $16.55 and a 200-day moving average price of $15.66.

Antero Midstream (NYSE:AM) last issued 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 net margin of 36.24% and a return on equity of 18.82%. Equities analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AM. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Wells Fargo & Company raised their price objective 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.

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.