Wambolt & Associates LLC acquired a new position in shares of Antero Midstream Co. (NYSE:AM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the pipeline company’s stock, valued at approximately $159,000.
A number of other institutional investors have also added to or reduced their stakes in AM. Bank of New York Mellon Corp lifted its holdings in Antero Midstream by 60.6% in the first quarter. Bank of New York Mellon Corp now owns 13,609,214 shares of the pipeline company’s stock worth $122,891,000 after acquiring an additional 5,137,389 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Antero Midstream by 62.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,886,092 shares of the pipeline company’s stock worth $53,151,000 after purchasing an additional 2,262,285 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Antero Midstream by 43.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,947,612 shares of the pipeline company’s stock worth $61,794,000 after purchasing an additional 1,800,051 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Antero Midstream by 247.9% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 2,075,361 shares of the pipeline company’s stock valued at $18,741,000 after purchasing an additional 1,478,899 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in Antero Midstream by 588.3% during the 1st quarter. Neuberger Berman Group LLC now owns 1,513,398 shares of the pipeline company’s stock worth $13,657,000 after buying an additional 1,293,529 shares during the last quarter. 51.30% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on AM. Zacks Investment Research upgraded shares of Antero Midstream from a “sell” rating to a “hold” rating and set a $11.00 price objective on the stock in a research report on Friday, July 23rd. Wells Fargo & Company raised their price target on Antero Midstream from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, June 24th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.58.
AM opened at $10.90 on Thursday. The business has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.74. The firm has a market cap of $5.20 billion, a PE ratio of 15.14 and a beta of 3.29. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.33. Antero Midstream Co. has a fifty-two week low of $5.49 and a fifty-two week high of $11.22.
Antero Midstream (NYSE:AM) last released its quarterly earnings results on Tuesday, July 27th. The pipeline company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The business had revenue of $232.79 million during the quarter, compared to analyst estimates of $216.81 million. Antero Midstream had a return on equity of 17.81% and a net margin of 38.65%. On average, equities research analysts anticipate that Antero Midstream Co. will post 0.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 11th. Shareholders of record on Wednesday, July 28th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.26%. The ex-dividend date was Tuesday, July 27th. Antero Midstream’s payout ratio is 100.00%.
About Antero Midstream
Antero Midstream Corp. owns, operates and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the following segments: Gathering and Processing and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.
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