28,532 Shares in Antero Midstream Co. (NYSE:AM) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,532 shares of the pipeline company's stock, valued at approximately $431,000.

A number of other hedge funds have also recently added to or reduced their stakes in AM. Financial Management Professionals Inc. raised 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 purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. raised its position in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares during the last quarter. GAMMA Investing LLC lifted its stake in Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after acquiring an additional 1,962 shares in the last quarter. Allworth Financial LP lifted its stake in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after acquiring an additional 951 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Antero Midstream by 5,787.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after acquiring an additional 8,102 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently commented on AM. Wells Fargo & Company increased their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday.

Antero Midstream Stock Performance

AM stock traded down $1.63 during midday trading on Friday, hitting $16.35. The company's stock had a trading volume of 5,803,691 shares, compared to its average volume of 2,857,770. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.49. The stock's 50-day moving average price is $16.82 and its 200 day moving average price is $15.85. 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 has a market cap of $7.82 billion, a price-to-earnings ratio of 19.69 and a beta of 2.33.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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%. On average, equities analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.51%. Antero Midstream's payout ratio is 108.43%.

Antero Midstream Company Profile

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.