Phocas Financial Corp. Trims Holdings in Antero Midstream Co. (NYSE:AM)

Phocas Financial Corp. lowered its position in Antero Midstream Co. (NYSE:AM - Free Report) by 84.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,094 shares of the pipeline company's stock after selling 236,178 shares during the period. Phocas Financial Corp.'s holdings in Antero Midstream were worth $650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream in the third quarter valued at approximately $38,000. Financial Management Professionals Inc. lifted its holdings 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 valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Antero Midstream in the third quarter valued at approximately $48,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company's stock valued at $68,000 after purchasing an additional 818 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of AM traded up $0.74 on Friday, reaching $16.96. 4,569,788 shares of the company's stock traded hands, compared to its average volume of 2,937,961. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock has a market cap of $8.11 billion, a PE ratio of 20.43 and a beta of 2.31. The stock's 50 day simple moving average is $15.99 and its two-hundred day simple moving average is $15.36. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $16.99.

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

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend payout ratio is currently 108.43%.

Analysts Set New Price Targets

AM has been the topic of a number of recent research reports. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th.

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.