Great Lakes Advisors LLC Cuts Stake in Antero Midstream Co. (NYSE:AM)

Great Lakes Advisors LLC lessened its stake in Antero Midstream Co. (NYSE:AM) by 98.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,111 shares of the pipeline company’s stock after selling 870,272 shares during the quarter. Great Lakes Advisors LLC’s holdings in Antero Midstream were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Birch Capital Management LLC raised its holdings in Antero Midstream by 1.8% in the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after buying an additional 655 shares during the last quarter. Stifel Financial Corp raised its holdings in Antero Midstream by 0.8% in the 3rd 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 during the last quarter. KPP Advisory Services LLC lifted its position in Antero Midstream by 3.0% in the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock valued at $361,000 after acquiring an additional 700 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after purchasing an additional 705 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock worth $227,000 after purchasing an additional 724 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AM. Wells Fargo & Company upped their price target 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 downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday.

Antero Midstream Stock Performance

Shares of AM opened at $17.01 on Monday. The firm has a market capitalization of $8.14 billion, a P/E ratio of 20.49 and a beta of 2.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a one year low of $13.12 and a one year high of $17.19. The business has a fifty day moving average of $16.30 and a 200 day moving average of $15.53.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 108.43%.

Antero Midstream Company 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.