Barnett & Company Inc. Raises Position in Antero Midstream Co. (NYSE:AM)

Barnett & Company Inc. raised its holdings in shares of Antero Midstream Co. (NYSE:AM) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,800 shares of the pipeline company’s stock after buying an additional 4,100 shares during the quarter. Barnett & Company Inc.’s holdings in Antero Midstream were worth $1,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Guild Investment Management Inc. purchased a new stake in shares of Antero Midstream during the 4th quarter valued at $1,883,000. JPMorgan Chase & Co. raised its position in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after purchasing an additional 203,967 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Antero Midstream during the fourth quarter worth about $226,000. Empowered Funds LLC increased its position in shares of Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock valued at $636,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Columbus Macro LLC bought a new position in shares of Antero Midstream during the 4th quarter valued at about $6,977,000. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th.

Antero Midstream Trading Up 0.0 %

NYSE AM opened at $17.79 on Monday. The stock has a 50-day moving average of $16.51 and a 200-day moving average of $15.64. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.98. The firm has a market cap of $8.51 billion, a PE ratio of 21.43 and a beta of 2.33.

Antero Midstream (NYSE:AM) last announced 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 net margin of 36.24% and a return on equity of 18.82%. As a group, sell-side analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) 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.