Antero Midstream Co. (NYSE:AM) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in Antero Midstream Co. (NYSE:AM) by 146.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,627 shares of the pipeline company’s stock after purchasing an additional 86,048 shares during the quarter. Mackenzie Financial Corp’s holdings in Antero Midstream were worth $1,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC acquired a new stake in Antero Midstream during the 3rd quarter worth $11,338,000. FMR LLC raised its stake in Antero Midstream by 89.8% during the 3rd quarter. FMR LLC now owns 960,810 shares of the pipeline company’s stock worth $11,511,000 after acquiring an additional 454,675 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in Antero Midstream by 19.9% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 2,588,864 shares of the pipeline company’s stock worth $31,015,000 after acquiring an additional 428,810 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in Antero Midstream by 41.3% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,238,000 shares of the pipeline company’s stock worth $15,512,000 after acquiring an additional 362,000 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Antero Midstream during the 3rd quarter worth $4,321,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Trading Up 1.2 %

Shares of Antero Midstream stock opened at $13.94 on Wednesday. The company has a market capitalization of $6.69 billion, a P/E ratio of 18.10 and a beta of 2.25. The company’s fifty day moving average is $13.58 and its two-hundred day moving average is $12.90. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. Antero Midstream Co. has a 1 year low of $9.69 and a 1 year high of $14.52.

Antero Midstream (NYSE:AM) last issued its earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $261.04 million. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Analysts forecast that Antero Midstream Co. will post 0.98 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.46%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s payout ratio is 116.88%.

Insider Activity

In other news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the sale, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AM. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.70.

About Antero Midstream

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.