C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $1.01 Million Investment in Antero Midstream Co. (NYSE:AM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 66,773 shares of the pipeline company's stock, valued at approximately $1,008,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AM. Kestra Investment Management LLC increased its holdings in shares of Antero Midstream by 46.6% during the 4th quarter. Kestra Investment Management LLC now owns 107,460 shares of the pipeline company's stock valued at $1,622,000 after acquiring an additional 34,146 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock worth $227,000 after acquiring an additional 724 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Antero Midstream by 0.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 135,343 shares of the pipeline company's stock worth $2,042,000 after acquiring an additional 1,045 shares during the period. Allworth Financial LP lifted its position 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 worth $104,000 after acquiring an additional 951 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of Antero Midstream by 1.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 80,904 shares of the pipeline company's stock worth $1,221,000 after buying an additional 1,149 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Trading Down 1.8 %

Shares of NYSE:AM traded down $0.30 during midday trading on Friday, hitting $16.27. The company had a trading volume of 2,541,919 shares, compared to its average volume of 3,070,987. Antero Midstream Co. has a 12 month low of $12.78 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 stock has a market cap of $7.78 billion, a price-to-earnings ratio of 19.60 and a beta of 2.31. The firm has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $15.28.

Antero Midstream (NYSE:AM - Get Free Report) last posted 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%. On average, analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders 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 dividend yield of 5.53%. Antero Midstream's dividend payout ratio is currently 108.44%.

Analyst Ratings Changes

Several research firms recently commented on AM. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company raised their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday.

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.