Thrivent Financial for Lutherans boosted its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 79.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,174 shares of the pipeline company's stock after buying an additional 63,029 shares during the period. Thrivent Financial for Lutherans' holdings in Antero Midstream were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of AM. Birch Capital Management LLC grew its stake in Antero Midstream by 1.8% during the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company's stock valued at $566,000 after acquiring an additional 655 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Antero Midstream by 0.8% during the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company's stock worth $1,256,000 after acquiring an additional 685 shares in the last quarter. KPP Advisory Services LLC lifted its stake in 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 purchasing an additional 700 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company's stock valued at $185,000 after acquiring an additional 705 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Antero Midstream by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock valued at $227,000 after purchasing an additional 724 shares during the period. Institutional investors own 53.97% of the company's stock.
Antero Midstream Trading Up 1.1 %
AM stock traded up $0.21 on Wednesday, reaching $18.48. The company's stock had a trading volume of 2,139,747 shares, compared to its average volume of 2,839,977. The firm has a market cap of $8.84 billion, a PE ratio of 22.27 and a beta of 2.33. The business has a fifty day simple moving average of $16.79 and a two-hundred day simple moving average of $15.83. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49. 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 (NYSE:AM - Get Free Report) last posted 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 return on equity of 18.82% and a net margin of 36.24%. As a group, research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.
Antero Midstream Announces Dividend
The company 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. This represents a $0.90 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend payout ratio is currently 108.43%.
Analysts Set New Price Targets
AM has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th.
Read Our Latest Report on Antero Midstream
Antero Midstream Company Profile
(
Free Report)
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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