Bramshill Investments LLC Trims Position in Antero Midstream Co. (NYSE:AM)

Bramshill Investments LLC trimmed its holdings in shares of Antero Midstream Co. (NYSE:AM) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,880 shares of the pipeline company’s stock after selling 600 shares during the period. Bramshill Investments LLC’s holdings in Antero Midstream were worth $1,009,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Financial Management Professionals Inc. boosted its position in Antero Midstream by 58.6% in the 4th 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 in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after buying an additional 963 shares in the last quarter. Blue Trust Inc. grew its position in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after buying an additional 2,612 shares during the period. GAMMA Investing LLC increased its holdings in Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after buying an additional 1,962 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after acquiring an additional 951 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Up 3.8 %

NYSE AM opened at $17.51 on Monday. The business’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $16.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market cap of $8.38 billion, a PE ratio of 21.09 and a beta of 1.99. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.49.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Antero Midstream’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream’s dividend payout ratio is presently 108.43%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AM shares. 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 note on Tuesday, February 18th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd.

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.