HighTower Advisors LLC Buys 2,244 Shares of Antero Midstream Co. (NYSE:AM)

HighTower Advisors LLC increased its stake in Antero Midstream Co. (NYSE:AM) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,346 shares of the pipeline company’s stock after buying an additional 2,244 shares during the quarter. HighTower Advisors LLC’s holdings in Antero Midstream were worth $790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after acquiring an additional 600,208 shares during the period. Jennison Associates LLC boosted its stake in shares of Antero Midstream by 128.0% during the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock valued at $15,566,000 after purchasing an additional 579,191 shares during the period. Columbus Macro LLC purchased a new stake in shares of Antero Midstream during the fourth quarter valued at $6,977,000. Raymond James Financial Inc. bought a new position in shares of Antero Midstream in the fourth quarter worth about $5,722,000. Finally, Geode Capital Management LLC lifted its holdings in Antero Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after buying an additional 251,987 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Down 0.5 %

AM stock opened at $17.92 on Friday. The stock has a market capitalization of $8.57 billion, a PE ratio of 21.58 and a beta of 2.33. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.30. 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 firm has a 50 day moving average of $16.66 and a 200 day moving average of $15.72.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results 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%. Sell-side analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.02%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is currently 108.43%.

Analyst Upgrades and Downgrades

AM has been the topic of several research reports. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Wells Fargo & Company increased 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 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.