Antero Midstream Co. (NYSE:AM) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of Antero Midstream Co. (NYSE:AM) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,084 shares of the pipeline company’s stock after buying an additional 13,205 shares during the period. Cetera Investment Advisers owned about 0.12% of Antero Midstream worth $8,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AM. Wedmont Private Capital lifted its position in Antero Midstream by 38.8% during the fourth quarter. Wedmont Private Capital now owns 23,398 shares of the pipeline company’s stock valued at $362,000 after buying an additional 6,536 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Antero Midstream by 6.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 197,255 shares of the pipeline company’s stock valued at $2,977,000 after buying an additional 12,571 shares in the last quarter. Financial Management Professionals Inc. lifted 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 valued at $41,000 after buying an additional 1,000 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Antero Midstream by 7.9% during the fourth quarter. Atomi Financial Group Inc. now owns 33,787 shares of the pipeline company’s stock valued at $510,000 after purchasing an additional 2,465 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of Antero Midstream by 22.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 928,015 shares of the pipeline company’s stock valued at $14,004,000 after purchasing an additional 171,730 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

Antero Midstream Stock Up 1.5%

Shares of NYSE:AM opened at $18.07 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a fifty day simple moving average of $17.11 and a 200 day simple moving average of $16.16. The firm has a market cap of $8.66 billion, a PE ratio of 21.77 and a beta of 0.99. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $291.13 million during the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, equities research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream’s dividend payout ratio is presently 103.45%.

Antero Midstream 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.