Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Antero Midstream Co. (NYSE:AM)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Antero Midstream Co. (NYSE:AM) by 19.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 100,671 shares of the pipeline company’s stock after acquiring an additional 16,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Antero Midstream were worth $1,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC bought a new stake in shares of Antero Midstream in the 4th quarter worth approximately $127,000. Simplicity Solutions LLC bought a new stake in shares of Antero Midstream in the 4th quarter worth approximately $127,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Antero Midstream by 11.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,191 shares of the pipeline company’s stock worth $134,000 after purchasing an additional 1,151 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Antero Midstream in the 3rd quarter worth approximately $155,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Antero Midstream by 32.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,469 shares of the pipeline company’s stock worth $161,000 after purchasing an additional 3,317 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

NYSE AM opened at $14.20 on Friday. The business’s fifty day moving average price is $13.66 and its 200-day moving average price is $12.91. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 17.74 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick 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 released its quarterly 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 firm had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. On average, equities analysts predict that Antero Midstream Co. will post 0.96 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.34%. Antero Midstream’s payout ratio is 112.50%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AM shares. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and upped their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.70.

Insider Activity

In other news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the sale, the insider now directly owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Antero Midstream 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.