Antero Midstream Co. (NYSE:AM) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in Antero Midstream Co. (NYSE:AM) by 22.4% during the fourth quarter, HoldingsChannel reports. The fund owned 439,387 shares of the pipeline company’s stock after buying an additional 80,459 shares during the period. Advisors Asset Management Inc.’s holdings in Antero Midstream were worth $6,630,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AM. Wells Fargo & Company lifted their target price 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. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday.

Antero Midstream Trading Down 0.0 %

NYSE AM opened at $17.43 on Wednesday. Antero Midstream Co. has a one year low of $13.12 and a one year high of $17.63. The firm has a 50 day simple moving average of $16.38 and a 200-day simple moving average of $15.57. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 20.99 and a beta of 2.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS 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%. Equities research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal 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 issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.16%. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

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.