Cerity Partners LLC Has $2.50 Million Stake in Antero Midstream Co. (NYSE:AM)

Cerity Partners LLC increased its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 315.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,449 shares of the pipeline company's stock after buying an additional 125,607 shares during the quarter. Cerity Partners LLC's holdings in Antero Midstream were worth $2,496,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AM. Norges Bank acquired a new stake in shares of Antero Midstream in the 4th quarter valued at approximately $62,578,000. Jennison Associates LLC grew its position in shares of Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after acquiring an additional 579,191 shares during the period. Columbus Macro LLC acquired a new position in shares of Antero Midstream during the 4th quarter worth about $6,977,000. Raymond James Financial Inc. acquired a new stake in Antero Midstream in the 4th quarter valued at about $5,722,000. Finally, Cinctive Capital Management LP grew its holdings in Antero Midstream by 15.7% during the fourth quarter. Cinctive Capital Management LP now owns 2,488,840 shares of the pipeline company's stock worth $37,557,000 after purchasing an additional 337,330 shares during the period. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

AM stock traded down $0.67 during mid-day trading on Monday, hitting $16.51. 2,639,241 shares of the company were exchanged, compared to its average volume of 2,949,230. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $18.49. The business has a 50 day simple moving average of $16.93 and a 200-day simple moving average of $15.98. 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 capitalization of $7.90 billion, a PE ratio of 19.89 and a beta of 1.99.

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

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.225 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.45%. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. 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, February 18th.

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.