Farther Finance Advisors LLC boosted its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 5,845.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,195 shares of the pipeline company's stock after purchasing an additional 116,207 shares during the quarter. Farther Finance Advisors LLC's holdings in Antero Midstream were worth $1,784,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of AM. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream in the third quarter worth approximately $38,000. Financial Management Professionals Inc. lifted its stake 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 position in shares of Antero Midstream in the third quarter worth approximately $48,000. Blue Trust Inc. lifted its stake in shares of Antero Midstream by 84.3% in the fourth 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Antero Midstream by 44.5% in the fourth 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. Hedge funds and other institutional investors own 53.97% of the company's stock.
Antero Midstream Stock Down 0.3 %
Shares of Antero Midstream stock opened at $16.89 on Friday. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 20.34 and a beta of 2.32. The company's 50 day moving average is $16.25 and its 200 day moving average is $15.50. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $17.19. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.
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%. Research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.
Antero Midstream Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.33%. Antero Midstream's payout ratio is presently 108.43%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on AM shares. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th.
Get Our Latest Research Report on Antero Midstream
Antero Midstream Company 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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