379,207 Shares in Antero Midstream Co. (NYSE:AM) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Antero Midstream Co. (NYSE:AM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Guild Investment Management Inc. purchased a new position in Antero Midstream during the fourth quarter valued at approximately $1,883,000. JPMorgan Chase & Co. increased its holdings in shares of Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after purchasing an additional 203,967 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Antero Midstream by 45.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after purchasing an additional 39,048 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Antero Midstream in the fourth quarter worth $226,000. Finally, Empowered Funds LLC grew its position in Antero Midstream by 4.3% during the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after buying an additional 1,751 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Trading Down 0.4 %

Shares of AM stock traded down $0.07 during trading hours on Tuesday, reaching $16.97. The company's stock had a trading volume of 679,527 shares, compared to its average volume of 2,929,524. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The stock has a market capitalization of $8.12 billion, a P/E ratio of 20.44 and a beta of 1.99. The firm's fifty day simple moving average is $16.94 and its 200 day simple moving average is $16.02.

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

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.225 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.31%. Antero Midstream's payout ratio is 108.43%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AM shares. Wells Fargo & Company raised their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

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.