Phocas Financial Corp. Decreases Stake in Antero Midstream Co. (NYSE:AM)

Phocas Financial Corp. trimmed its holdings in shares of Antero Midstream Co. (NYSE:AM) by 84.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,094 shares of the pipeline company’s stock after selling 236,178 shares during the quarter. Phocas Financial Corp.’s holdings in Antero Midstream were worth $650,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after purchasing an additional 600,208 shares in the last quarter. Jennison Associates LLC raised its position in shares of Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock valued at $15,566,000 after purchasing an additional 579,191 shares in the last quarter. Columbus Macro LLC purchased a new position in shares of Antero Midstream during the 4th quarter valued at approximately $6,977,000. Oppenheimer & Co. Inc. grew its position in shares of Antero Midstream by 74.5% during the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock worth $10,338,000 after buying an additional 293,238 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Antero Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after buying an additional 251,987 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AM has been the topic of a number of research analyst reports. Wells Fargo & Company increased 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 raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th.

Antero Midstream Stock Down 0.7 %

AM stock opened at $15.90 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a 1-year low of $13.02 and a 1-year high of $16.99. The firm has a fifty day moving average price of $15.88 and a two-hundred day moving average price of $15.33. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 19.15 and a beta of 2.31.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS 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%. Research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given 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 dividend yield of 5.66%. Antero Midstream’s dividend payout ratio is currently 108.44%.

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.