Commonwealth Equity Services LLC Acquires 39,048 Shares of Antero Midstream Co. (NYSE:AM)

Commonwealth Equity Services LLC raised its holdings in shares of Antero Midstream Co. (NYSE:AM) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,701 shares of the pipeline company’s stock after purchasing an additional 39,048 shares during the period. Commonwealth Equity Services LLC’s holdings in Antero Midstream were worth $1,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AM. Financial Management Professionals Inc. raised its holdings in shares of Antero Midstream by 58.6% during 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 stake in Antero Midstream in the 3rd quarter worth approximately $48,000. Blue Trust Inc. raised its stake in Antero Midstream by 84.3% during 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. GAMMA Investing LLC lifted its holdings 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 valued at $96,000 after buying an additional 1,962 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Antero Midstream by 17.8% in 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 during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.2 %

NYSE:AM opened at $17.95 on Friday. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.30. The business has a fifty day moving average price of $16.69 and a 200-day moving average price of $15.74. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 21.62 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 (NYSE:AM) last issued 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%. Sell-side analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

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

Wall Street Analyst Weigh In

AM has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th.

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.