Los Angeles Capital Management LLC Has $9.23 Million Stock Position in Antero Midstream Co. (NYSE:AM)

Los Angeles Capital Management LLC cut its holdings in shares of Antero Midstream Co. (NYSE:AM) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 611,861 shares of the pipeline company’s stock after selling 46,650 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Antero Midstream were worth $9,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AM. BankPlus Trust Department purchased a new stake in shares of Antero Midstream in the fourth quarter worth approximately $129,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Antero Midstream in the 4th quarter valued at approximately $1,008,000. Kestra Investment Management LLC lifted its position in Antero Midstream by 46.6% in the 4th quarter. Kestra Investment Management LLC now owns 107,460 shares of the pipeline company’s stock worth $1,622,000 after buying an additional 34,146 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Antero Midstream by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock valued at $227,000 after buying an additional 724 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Antero Midstream by 0.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 135,343 shares of the pipeline company’s stock valued at $2,042,000 after acquiring an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Shares of AM opened at $16.33 on Thursday. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 19.67 and a beta of 2.31. The company’s fifty day moving average is $15.92 and its 200-day moving average is $15.34. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 12 month low of $13.08 and a 12 month high of $16.99.

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

Antero Midstream Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is 108.43%.

Analysts Set New Price Targets

Several analysts recently issued reports on AM shares. Wells Fargo & Company increased their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.

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.