Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 35.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,923 shares of the pipeline company's stock after selling 131,310 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Antero Midstream worth $3,636,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in AM. Financial Management Professionals Inc. lifted 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 buying an additional 1,000 shares in the last quarter. Brooklyn Investment Group bought a new stake in Antero Midstream during the third quarter worth approximately $48,000. Blue Trust Inc. increased its stake in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after acquiring an additional 2,612 shares during the last quarter. Allworth Financial LP increased its stake in Antero Midstream by 17.8% during the fourth 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 last quarter. Finally, GAMMA Investing LLC increased its stake in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after acquiring an additional 1,962 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.
Antero Midstream Trading Up 0.0 %
NYSE:AM traded up $0.01 during midday trading on Friday, hitting $17.79. The stock had a trading volume of 26,095,193 shares, compared to its average volume of 3,623,031. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 21.43 and a beta of 2.33. The stock has a 50-day moving average of $16.46 and a 200 day moving average of $15.60. Antero Midstream Co. has a one year low of $13.12 and a one year high of $17.98.
Antero Midstream (NYSE:AM - Get Free Report) last announced its 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 net margin of 36.24% and a return on equity of 18.82%. As a group, sell-side analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.
Antero Midstream Dividend Announcement
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 5.06%. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in 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 cut Antero Midstream from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th.
Get Our Latest Research Report on Antero Midstream
Antero Midstream Profile
(
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.
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