Rhumbline Advisers Sells 5,113 Shares of Antero Midstream Co. (NYSE:AM)

Rhumbline Advisers cut its position in shares of Antero Midstream Co. (NYSE:AM) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,010,233 shares of the pipeline company’s stock after selling 5,113 shares during the quarter. Rhumbline Advisers owned about 0.21% of Antero Midstream worth $15,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AM. Ashton Thomas Securities LLC bought a new stake in shares of Antero Midstream during the third quarter valued at approximately $38,000. Financial Management Professionals Inc. boosted its position 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 in the last quarter. Blue Trust Inc. boosted its position in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Antero Midstream during the third quarter valued at approximately $48,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Antero Midstream by 21.9% during the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 818 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Trading Down 1.8 %

Antero Midstream stock opened at $16.27 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The business’s fifty day simple moving average is $15.83 and its two-hundred day simple moving average is $15.29. Antero Midstream Co. has a 12 month low of $12.78 and a 12 month high of $16.99. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 19.60 and a beta of 2.31.

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 return on equity of 18.82% and a net margin of 36.24%. As a group, equities analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is currently 108.44%.

Wall Street Analysts Forecast Growth

AM has been the topic of several research reports. Wells Fargo & Company lifted their price target 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 raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

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.