Antero Midstream Co. (NYSE:AM) Stock Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in Antero Midstream Co. (NYSE:AM) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,739 shares of the pipeline company’s stock after buying an additional 16,021 shares during the period. Cetera Investment Advisers’ holdings in Antero Midstream were worth $2,468,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Antero Midstream by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,590,071 shares of the pipeline company’s stock valued at $122,839,000 after purchasing an additional 77,160 shares during the period. BNP Paribas Arbitrage SNC raised its stake in Antero Midstream by 44.5% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 258,668 shares of the pipeline company’s stock valued at $3,001,000 after purchasing an additional 79,624 shares during the period. Institutional & Family Asset Management LLC acquired a new stake in Antero Midstream during the 2nd quarter valued at $199,000. Swiss National Bank raised its stake in Antero Midstream by 8.7% during the 2nd quarter. Swiss National Bank now owns 729,400 shares of the pipeline company’s stock valued at $8,461,000 after purchasing an additional 58,100 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Antero Midstream by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 162,302 shares of the pipeline company’s stock valued at $1,883,000 after purchasing an additional 11,444 shares during the period. Institutional investors own 52.02% of the company’s stock.

Antero Midstream Trading Down 0.3 %

Shares of NYSE:AM opened at $12.97 on Tuesday. The stock has a market capitalization of $6.22 billion, a PE ratio of 17.77 and a beta of 2.38. Antero Midstream Co. has a 1 year low of $9.56 and a 1 year high of $13.15. The firm has a fifty day moving average price of $12.27 and a 200 day moving average price of $11.67. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.51.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, October 25th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Antero Midstream had a net margin of 34.61% and a return on equity of 18.98%. The firm had revenue of $263.84 million during the quarter, compared to analysts’ expectations of $256.23 million. Analysts expect that Antero Midstream Co. will post 0.84 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Tuesday, October 24th. Antero Midstream’s dividend payout ratio (DPR) is 123.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of Antero Midstream from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. The Goldman Sachs Group assumed coverage on shares of Antero Midstream in a research note on Thursday, October 5th. They issued a “neutral” rating and a $12.50 price target on the stock. Pickering Energy Partners assumed coverage on shares of Antero Midstream in a research note on Tuesday, October 3rd. They issued an “outperform” rating on the stock. Finally, StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.30.

Antero Midstream Profile

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. 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.