SVB Wealth LLC Purchases New Position in Antero Midstream Co. (NYSE:AM)

SVB Wealth LLC purchased a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,172 shares of the pipeline company's stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also bought and sold shares of AM. FMR LLC lifted its stake in Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock worth $16,446,000 after purchasing an additional 600,208 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock worth $15,566,000 after buying an additional 579,191 shares during the last quarter. Columbus Macro LLC bought a new position in shares of Antero Midstream in the 4th quarter worth $6,977,000. Oppenheimer & Co. Inc. increased its holdings in shares of Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company's stock worth $10,338,000 after buying an additional 293,238 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock worth $91,549,000 after buying an additional 251,987 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

AM stock opened at $16.99 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $17.19. The firm's fifty day moving average is $16.06 and its 200 day moving average is $15.41. The firm has a market cap of $8.13 billion, a P/E ratio of 20.47 and a beta of 2.31.

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

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream's dividend payout ratio is currently 108.43%.

Analyst Ratings Changes

A number of brokerages have recently commented on AM. StockNews.com raised shares of 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 shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th.

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.

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