Sprott Inc. Takes Position in Antero Midstream Co. (NYSE:AM)

Sprott Inc. bought a new position in Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,500 shares of the pipeline company's stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Birch Capital Management LLC grew its position in Antero Midstream by 1.8% in the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company's stock worth $566,000 after acquiring an additional 655 shares in the last quarter. Stifel Financial Corp grew its holdings in Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company's stock valued at $1,256,000 after purchasing an additional 685 shares during the last quarter. KPP Advisory Services LLC raised its holdings in shares of Antero Midstream by 3.0% in the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock worth $361,000 after buying an additional 700 shares during the period. Coldstream Capital Management Inc. increased its stake in Antero Midstream by 6.1% in the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company's stock worth $185,000 after purchasing an additional 705 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Antero Midstream by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock valued at $227,000 after buying an additional 724 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Tuesday, February 4th.

Antero Midstream Stock Performance

AM stock traded up $0.74 during trading on Friday, hitting $16.96. 4,569,788 shares of the company traded hands, compared to its average volume of 2,937,961. The stock's 50-day simple moving average is $15.99 and its 200 day simple moving average is $15.37. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $16.99. The company has a market cap of $8.11 billion, a PE ratio of 20.43 and a beta of 2.31. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results 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%. On average, equities analysts expect that Antero Midstream Co. will post 0.95 earnings per share 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 5.31%. Antero Midstream's dividend payout ratio (DPR) 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.