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

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 66,773 shares of the pipeline company's stock, valued at approximately $1,008,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Antero Midstream in the third quarter worth approximately $38,000. Financial Management Professionals Inc. increased its position in Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after acquiring an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Antero Midstream during the third quarter worth approximately $48,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Antero Midstream by 21.9% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company's stock worth $68,000 after purchasing an additional 818 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company cut Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 target price on the stock. in a research report on Wednesday, December 18th.

Antero Midstream Stock Performance

Shares of NYSE:AM traded down $0.14 during trading on Monday, hitting $16.69. 3,691,977 shares of the company were exchanged, compared to its average volume of 2,609,920. Antero Midstream Co. has a 52-week low of $12.15 and a 52-week high of $16.99. The stock has a 50 day moving average of $15.71 and a 200 day moving average of $15.22. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $7.99 billion, a PE ratio of 20.60 and a beta of 2.31.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data 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 net margin of 36.16% and a return on equity of 18.91%. As a group, equities research analysts predict that Antero Midstream Co. will post 0.83 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.39%. Antero Midstream's payout ratio is presently 108.43%.

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.