66,773 Shares in Antero Midstream Co. (NYSE:AM) Acquired by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 66,773 shares of the pipeline company’s stock, valued at approximately $1,008,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Entropy Technologies LP bought a new position in shares of Antero Midstream in the 4th quarter valued at about $462,000. Empowered Funds LLC boosted its stake in Antero Midstream by 4.3% in the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock valued at $636,000 after acquiring an additional 1,751 shares during the last quarter. Leo Wealth LLC acquired a new stake in Antero Midstream during the 4th quarter worth $194,000. Stratos Wealth Partners LTD. raised its position in shares of Antero Midstream by 100.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 29,359 shares of the pipeline company’s stock valued at $443,000 after acquiring an additional 14,728 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new position in shares of Antero Midstream in the 4th quarter valued at $240,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Price Performance

AM opened at $16.83 on Friday. The stock has a market cap of $8.10 billion, a P/E ratio of 20.77 and a beta of 2.31. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $15.65 and a 200 day simple moving average of $15.18.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.16% and a return on equity of 18.91%. On average, research analysts expect that Antero Midstream Co. will post 0.83 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.35%. Antero Midstream’s dividend payout ratio (DPR) is currently 108.43%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AM. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research note on Wednesday, December 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th.

About Antero Midstream

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.