Parkside Financial Bank & Trust Sells 20,003 Shares of Antero Midstream Co. (NYSE:AM)

Parkside Financial Bank & Trust reduced its holdings in Antero Midstream Co. (NYSE:AM) by 48.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,898 shares of the pipeline company’s stock after selling 20,003 shares during the period. Parkside Financial Bank & Trust’s holdings in Antero Midstream were worth $315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in shares of Antero Midstream by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after buying an additional 34,222 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after buying an additional 86,001 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Antero Midstream by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after buying an additional 203,967 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after buying an additional 1,751 shares in the last quarter. Finally, Columbus Macro LLC purchased a new position in shares of Antero Midstream in the 4th quarter worth $6,977,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AM has been the subject of a number of recent research reports. 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 research note on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.

Antero Midstream Price Performance

AM stock opened at $16.96 on Friday. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $16.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a 50-day moving average price of $15.99 and a 200 day moving average price of $15.36. The stock has a market cap of $8.11 billion, a PE ratio of 20.43 and a beta of 2.31.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 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 research analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.31%. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

Antero Midstream Company 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.