Victory Capital Management Inc. lifted its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 44.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,884 shares of the pipeline company's stock after buying an additional 60,654 shares during the quarter. Victory Capital Management Inc.'s holdings in Antero Midstream were worth $2,956,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its position in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after buying an additional 1,000 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Antero Midstream during the 3rd quarter worth approximately $48,000. Blue Trust Inc. grew its holdings in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after acquiring an additional 2,612 shares during the period. GAMMA Investing LLC increased its stake in Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after purchasing an additional 1,962 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after purchasing an additional 951 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.
Antero Midstream Price Performance
AM stock traded up $0.05 on Thursday, reaching $17.77. The company had a trading volume of 1,101,488 shares, compared to its average volume of 2,609,123. The company's fifty day moving average is $16.42 and its 200 day moving average is $15.59. The company has a market cap of $8.50 billion, a P/E ratio of 21.40 and a beta of 2.33. 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 1 year low of $13.12 and a 1 year high of $17.82.
Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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%. On average, research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current year.
Antero Midstream Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.07%. Antero Midstream's dividend payout ratio (DPR) is 108.43%.
Wall Street Analyst Weigh In
Several research firms have weighed in on AM. Wells Fargo & Company upped their target price 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 cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th.
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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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