Dividend Assets Capital LLC Sells 1,924 Shares of Antero Midstream Co. (NYSE:AM)

Dividend Assets Capital LLC reduced its position in shares of Antero Midstream Co. (NYSE:AM) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 50,610 shares of the pipeline company’s stock after selling 1,924 shares during the quarter. Dividend Assets Capital LLC’s holdings in Antero Midstream were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Antero Midstream in the 4th quarter worth $1,008,000. Kestra Investment Management LLC increased its position in Antero Midstream by 46.6% in the fourth quarter. Kestra Investment Management LLC now owns 107,460 shares of the pipeline company’s stock worth $1,622,000 after buying an additional 34,146 shares in the last quarter. CIBC Asset Management Inc increased its position in Antero Midstream by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock worth $227,000 after buying an additional 724 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Antero Midstream by 0.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 135,343 shares of the pipeline company’s stock worth $2,042,000 after buying an additional 1,045 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after buying an additional 951 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

AM has been the subject of a number of analyst reports. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday.

Antero Midstream Stock Down 1.8 %

NYSE:AM opened at $16.27 on Friday. Antero Midstream Co. has a fifty-two week low of $12.78 and a fifty-two week high of $16.99. The company’s 50-day simple moving average is $15.83 and its 200-day simple moving average is $15.28. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $7.78 billion, a P/E ratio of 19.60 and a beta of 2.31.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results 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%. On average, equities analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 108.43%.

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.