EverSource Wealth Advisors LLC Trims Stake in Antero Midstream Co. (NYSE:AM)

EverSource Wealth Advisors LLC decreased its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 85.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,760 shares of the pipeline company's stock after selling 27,195 shares during the period. EverSource Wealth Advisors LLC's holdings in Antero Midstream were worth $72,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AM. FMR LLC lifted its stake in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock worth $16,446,000 after purchasing an additional 600,208 shares during the last quarter. Jennison Associates LLC lifted its stake in Antero Midstream by 128.0% during the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock worth $15,566,000 after purchasing an additional 579,191 shares during the last quarter. Columbus Macro LLC bought a new stake in Antero Midstream during the fourth quarter worth about $6,977,000. Raymond James Financial Inc. bought a new stake in Antero Midstream during the fourth quarter worth about $5,722,000. Finally, Geode Capital Management LLC increased its holdings in shares of Antero Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock worth $91,549,000 after buying an additional 251,987 shares during the period. Institutional investors own 53.97% of the company's stock.

Antero Midstream Trading Up 0.0 %

Shares of AM traded up $0.01 during trading hours on Friday, hitting $17.79. The company had a trading volume of 26,101,162 shares, compared to its average volume of 2,697,599. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $17.98. The firm has a market cap of $8.51 billion, a P/E ratio of 21.43 and a beta of 2.33. 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 stock's 50 day moving average price is $16.51 and its 200 day moving average price is $15.62.

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Antero Midstream (NYSE:AM - Get Free Report) last announced 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%. On average, research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.06%. Antero Midstream's dividend payout ratio is presently 108.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded Antero Midstream from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Wells Fargo & Company lifted their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock 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.