Elo Mutual Pension Insurance Co Makes New Investment in Antero Midstream Co. (NYSE:AM)

Elo Mutual Pension Insurance Co bought a new stake in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, Holdings Channel reports. The fund bought 14,561 shares of the pipeline company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AM. Financial Management Professionals Inc. boosted its stake in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares in the last quarter. Allworth Financial LP raised its stake in shares of Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after purchasing an additional 951 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 1,962 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Antero Midstream by 5,787.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company’s stock worth $124,000 after purchasing an additional 8,102 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AM. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Price Performance

AM opened at $18.01 on Tuesday. 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 company’s 50-day moving average price is $16.72 and its 200 day moving average price is $15.79. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.30. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 21.70 and a beta of 2.33.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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%. As a group, sell-side analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

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.