Kestra Investment Management LLC Purchases 34,146 Shares of Antero Midstream Co. (NYSE:AM)

Kestra Investment Management LLC lifted its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 46.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,460 shares of the pipeline company's stock after acquiring an additional 34,146 shares during the period. Kestra Investment Management LLC's holdings in Antero Midstream were worth $1,622,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Birch Capital Management LLC grew its stake in shares of Antero Midstream by 1.8% in the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company's stock valued at $566,000 after acquiring an additional 655 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Antero Midstream by 0.8% in the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company's stock valued at $1,256,000 after acquiring an additional 685 shares in the last quarter. KPP Advisory Services LLC grew its stake in shares of Antero Midstream by 3.0% in the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock valued at $361,000 after acquiring an additional 700 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Antero Midstream by 6.1% in the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company's stock valued at $185,000 after acquiring an additional 705 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Antero Midstream by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock worth $227,000 after buying an additional 724 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AM shares. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday.

Antero Midstream Price Performance

Shares of AM stock traded down $0.30 on Friday, reaching $16.27. The company had a trading volume of 2,541,919 shares, compared to its average volume of 2,861,426. The stock has a market capitalization of $7.78 billion, a PE ratio of 19.60 and a beta of 2.31. 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 Co. has a one year low of $12.78 and a one year high of $16.99. The business's 50-day moving average is $15.83 and its 200 day moving average is $15.28.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Equities research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.53%. Antero Midstream's dividend payout ratio (DPR) is presently 108.44%.

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.