Chung Wu Investment Group LLC Invests $1.92 Million in Antero Midstream Co. (NYSE:AM)

Chung Wu Investment Group LLC acquired a new stake in Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 127,500 shares of the pipeline company's stock, valued at approximately $1,924,000. Antero Midstream makes up approximately 1.9% of Chung Wu Investment Group LLC's holdings, making the stock its 12th largest position.

Other large investors have also modified their holdings of the company. FMR LLC grew its stake in Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock valued at $16,446,000 after acquiring an additional 600,208 shares during the period. Jennison Associates LLC grew its position in shares of Antero Midstream by 128.0% in the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after purchasing an additional 579,191 shares during the period. Columbus Macro LLC purchased a new stake in shares of Antero Midstream during the fourth quarter worth about $6,977,000. Raymond James Financial Inc. acquired a new position in shares of Antero Midstream during the 4th quarter worth about $5,722,000. Finally, Oppenheimer & Co. Inc. lifted its stake in Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company's stock valued at $10,338,000 after buying an additional 293,238 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Price Performance

AM traded up $0.27 on Monday, reaching $16.73. 3,680,504 shares of the company's stock were exchanged, compared to its average volume of 2,602,863. The stock has a market cap of $8.00 billion, a PE ratio of 20.15 and a beta of 2.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $17.19. The stock's fifty day moving average price is $16.14 and its 200-day moving average price is $15.46.

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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 analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.38%. Antero Midstream's dividend payout ratio is presently 108.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a research note on Thursday.

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.