Bank of Nova Scotia Invests $2.30 Million in Antero Midstream Co. (NYSE:AM)

Bank of Nova Scotia purchased a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 152,100 shares of the pipeline company's stock, valued at approximately $2,295,000.

A number of other large investors have also recently modified their holdings of AM. Financial Management Professionals Inc. boosted its stake in shares of Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. lifted 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 during the period. GAMMA Investing LLC grew its position in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after buying an additional 1,962 shares during the period. Allworth Financial LP grew its holdings in 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 purchasing an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Antero Midstream in the fourth quarter worth approximately $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Up 1.7 %

Shares of AM traded up $0.29 during trading hours on Friday, reaching $17.15. 3,749,868 shares of the stock traded hands, compared to its average volume of 2,946,889. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.49. 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 stock has a fifty day simple moving average of $16.89 and a 200 day simple moving average of $15.96. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 20.67 and a beta of 1.99.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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%. On average, equities analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's payout ratio is 108.43%.

Analyst Upgrades and Downgrades

A number of analysts have commented on AM shares. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. 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.

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.