Proficio Capital Partners LLC Purchases Shares of 32,214 Antero Midstream Co. (NYSE:AM)

Proficio Capital Partners LLC acquired a new position in Antero Midstream Co. (NYSE:AM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,214 shares of the pipeline company's stock, valued at approximately $486,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Antero Midstream during the third quarter valued at approximately $48,000. Blue Trust Inc. raised its holdings in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after purchasing an additional 2,612 shares during the period. GAMMA Investing LLC increased its holdings in Antero Midstream by 44.5% in the 4th 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 increased its stake in shares of Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after purchasing an additional 951 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Ratings Changes

AM has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a report on Saturday, March 15th.

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Antero Midstream Stock Up 0.2 %

Shares of NYSE:AM traded up $0.04 during trading on Friday, reaching $17.95. The stock had a trading volume of 2,573,252 shares, compared to its average volume of 2,836,807. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.30. The firm's 50-day simple moving average is $16.66 and its 200 day simple moving average is $15.72. 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 company has a market capitalization of $8.59 billion, a P/E ratio of 21.62 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 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%. As a group, research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.02%. Antero Midstream's dividend payout ratio (DPR) is 108.43%.

Antero Midstream 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.