Commonwealth Equity Services LLC lifted its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 45.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,701 shares of the pipeline company's stock after purchasing an additional 39,048 shares during the period. Commonwealth Equity Services LLC's holdings in Antero Midstream were worth $1,882,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Financial Management Professionals Inc. boosted its position in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after purchasing an additional 1,000 shares during the period. Brooklyn Investment Group purchased a new position in shares of Antero Midstream during the 3rd quarter valued at $48,000. Blue Trust Inc. boosted its holdings in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after buying an additional 2,612 shares during the period. GAMMA Investing LLC increased its stake in Antero Midstream by 44.5% in 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 in the last quarter. Finally, Allworth Financial LP raised its holdings in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after acquiring an additional 951 shares during the period. 53.97% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on AM. Wells Fargo & Company upped 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 cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th.
Read Our Latest Stock Analysis on AM
Antero Midstream Price Performance
Shares of AM traded up $0.07 during mid-day trading on Monday, hitting $18.01. 2,895,788 shares of the stock were exchanged, compared to its average volume of 2,837,288. The firm has a 50-day moving average of $16.69 and a two-hundred day moving average of $15.77. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.75. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $8.62 billion, a PE ratio of 21.70 and a beta of 2.33.
Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. On average, equities analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.
Antero Midstream Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid 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 5.00%. Antero Midstream's payout ratio is currently 108.43%.
About Antero Midstream
(
Free Report)
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.
Featured Stories
Before you consider Antero Midstream, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Antero Midstream wasn't on the list.
While Antero Midstream currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
