Stratos Wealth Partners LTD. Buys 14,728 Shares of Antero Midstream Co. (NYSE:AM)

Stratos Wealth Partners LTD. raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 100.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,359 shares of the pipeline company’s stock after purchasing an additional 14,728 shares during the period. Stratos Wealth Partners LTD.’s holdings in Antero Midstream were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AM. Advisors Asset Management Inc. lifted its stake in shares of Antero Midstream by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after buying an additional 34,222 shares in the last quarter. Van ECK Associates Corp raised its holdings in Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after acquiring an additional 86,001 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after acquiring an additional 203,967 shares in the last quarter. Creative Planning boosted its stake in shares of Antero Midstream by 43.5% in the third quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock worth $1,642,000 after acquiring an additional 33,054 shares during the period. Finally, Longboard Asset Management LP purchased a new stake in shares of Antero Midstream during the fourth quarter worth about $240,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.3 %

Shares of AM stock opened at $16.12 on Wednesday. The stock’s 50-day moving average price is $15.62 and its 200-day moving average price is $15.16. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.86. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.90 and a beta of 2.31. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.58%. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AM shares. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

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.