Columbus Macro LLC Buys Shares of 462,372 Antero Midstream Co. (NYSE:AM)

Columbus Macro LLC purchased a new stake in Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 462,372 shares of the pipeline company’s stock, valued at approximately $6,977,000. Columbus Macro LLC owned 0.10% of Antero Midstream as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. grew its position in shares of Antero Midstream by 278.0% during the 2nd quarter. Sei Investments Co. now owns 74,637 shares of the pipeline company’s stock worth $1,100,000 after buying an additional 54,892 shares during the period. Creative Planning lifted its stake in shares of Antero Midstream by 5.5% during the 2nd quarter. Creative Planning now owns 76,064 shares of the pipeline company’s stock valued at $1,121,000 after buying an additional 3,977 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Antero Midstream by 204.9% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,121 shares of the pipeline company’s stock worth $503,000 after purchasing an additional 22,930 shares in the last quarter. Cetera Investment Advisers increased its holdings in Antero Midstream by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 515,500 shares of the pipeline company’s stock worth $7,598,000 after acquiring an additional 32,853 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Antero Midstream in the 2nd quarter worth about $148,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.6 %

Shares of AM stock opened at $16.14 on Tuesday. The firm’s 50 day moving average price is $15.56 and its two-hundred day moving average price is $15.10. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 19.92 and a beta of 2.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.86.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s dividend payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AM shares. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, December 18th.

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.