CIBC Asset Management Inc Has $227,000 Holdings in Antero Midstream Co. (NYSE:AM)

CIBC Asset Management Inc increased its holdings in Antero Midstream Co. (NYSE:AM) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,050 shares of the pipeline company’s stock after buying an additional 724 shares during the period. CIBC Asset Management Inc’s holdings in Antero Midstream were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Antero Midstream during the third quarter worth $38,000. Financial Management Professionals Inc. lifted 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 worth $41,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. lifted its holdings 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 worth $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new position in shares of Antero Midstream during the third quarter worth $48,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after buying an additional 818 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Trading Down 0.7 %

Shares of AM stock opened at $15.90 on Wednesday. Antero Midstream Co. has a 52-week low of $13.02 and a 52-week high of $16.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50-day simple moving average of $15.88 and a two-hundred day simple moving average of $15.33. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 19.15 and a beta of 2.31.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is currently 108.44%.

Analysts Set New Price Targets

AM has been the topic of several research reports. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

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.