Frank Rimerman Advisors LLC lifted its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 87.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,046 shares of the pipeline company's stock after buying an additional 45,625 shares during the period. Frank Rimerman Advisors LLC's holdings in Antero Midstream were worth $1,480,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Financial Management Professionals Inc. increased its stake in Antero Midstream by 58.6% during the 4th 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 during the period. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream during the third quarter valued at about $48,000. Blue Trust Inc. increased its position in shares of 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. 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 acquiring an additional 1,962 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after purchasing an additional 951 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.
Antero Midstream Stock Up 0.3 %
NYSE:AM traded up $0.05 during mid-day trading on Thursday, reaching $17.77. The stock had a trading volume of 2,335,617 shares, compared to its average volume of 3,193,576. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 21.40 and a beta of 2.33. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.82. The stock's 50 day simple moving average is $16.42 and its two-hundred day simple moving average is $15.59.
Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results 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 return on equity of 18.82% and a net margin of 36.24%. Equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.
Antero Midstream Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 dividend yield of 5.07%. Antero Midstream's dividend payout ratio (DPR) is 108.43%.
Analyst Upgrades and Downgrades
AM has been the topic of several analyst reports. 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 target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th.
Check Out Our Latest Stock Analysis 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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