Guild Investment Management Inc. purchased a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 124,800 shares of the pipeline company's stock, valued at approximately $1,883,000. Antero Midstream accounts for approximately 2.0% of Guild Investment Management Inc.'s portfolio, making the stock its 20th biggest holding.
Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in Antero Midstream by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company's stock worth $5,402,000 after acquiring an additional 34,222 shares during the period. JPMorgan Chase & Co. increased its position in Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after buying an additional 203,967 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Antero Midstream in the fourth quarter worth $226,000. Empowered Funds LLC increased its position in Antero Midstream by 4.3% in the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after buying an additional 1,751 shares during the last quarter. Finally, Columbus Macro LLC purchased a new stake in Antero Midstream in the fourth quarter worth $6,977,000. 53.97% of the stock is currently owned by institutional investors.
Antero Midstream Price Performance
Shares of NYSE AM opened at $16.87 on Wednesday. The stock has a market cap of $8.08 billion, a PE ratio of 20.33 and a beta of 2.32. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $17.19. 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 stock has a fifty day moving average of $16.21 and a 200-day moving average of $15.48.
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 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%. Equities research analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.
Antero Midstream Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.33%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's payout ratio is 108.43%.
Wall Street Analysts Forecast Growth
AM has been the subject of a number of recent research reports. StockNews.com downgraded Antero Midstream from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Wells Fargo & Company raised their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.
Check Out Our Latest Stock Analysis on AM
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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.
