Raymond James Financial Inc. Makes New Investment in Antero Midstream Co. (NYSE:AM)

Raymond James Financial Inc. acquired a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 379,207 shares of the pipeline company's stock, valued at approximately $5,722,000. Raymond James Financial Inc. owned 0.08% of Antero Midstream as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Antero Midstream by 30.9% during the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company's stock worth $2,035,000 after purchasing an additional 31,915 shares during the last quarter. Natixis Advisors LLC grew its holdings in Antero Midstream by 89.2% during the 3rd quarter. Natixis Advisors LLC now owns 95,440 shares of the pipeline company's stock worth $1,436,000 after acquiring an additional 44,993 shares during the last quarter. Pathstone Holdings LLC increased its position in Antero Midstream by 8.7% in the 3rd quarter. Pathstone Holdings LLC now owns 164,178 shares of the pipeline company's stock valued at $2,471,000 after acquiring an additional 13,176 shares in the last quarter. Commerce Bank raised its stake in shares of Antero Midstream by 12.0% in the third quarter. Commerce Bank now owns 15,434 shares of the pipeline company's stock worth $232,000 after acquiring an additional 1,650 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Antero Midstream by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company's stock worth $57,047,000 after acquiring an additional 22,936 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

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Antero Midstream Trading Up 0.2 %

Shares of NYSE AM traded up $0.04 during mid-day trading on Friday, hitting $17.95. The company's 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 company's fifty day simple moving average is $16.66 and its 200-day simple moving average is $15.72. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 21.62 and a beta of 2.33.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data 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 net margin of 36.24% and a return on equity of 18.82%. On average, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business 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 was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.02%. Antero Midstream's dividend payout ratio is presently 108.43%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AM shares. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Wells Fargo & Company lifted their target price on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note 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.