Antero Midstream Co. (NYSE:AM) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in Antero Midstream Co. (NYSE:AM) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,998 shares of the pipeline company’s stock after purchasing an additional 957 shares during the period. Gotham Asset Management LLC’s holdings in Antero Midstream were worth $2,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AM. Wedmont Private Capital increased its holdings in shares of Antero Midstream by 38.8% in the fourth quarter. Wedmont Private Capital now owns 23,398 shares of the pipeline company’s stock valued at $362,000 after purchasing an additional 6,536 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Antero Midstream by 6.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 197,255 shares of the pipeline company’s stock valued at $2,977,000 after purchasing an additional 12,571 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Atomi Financial Group Inc. increased its holdings in shares of Antero Midstream by 7.9% in the fourth quarter. Atomi Financial Group Inc. now owns 33,787 shares of the pipeline company’s stock valued at $510,000 after purchasing an additional 2,465 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Antero Midstream by 22.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 928,015 shares of the pipeline company’s stock valued at $14,004,000 after purchasing an additional 171,730 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Up 1.5%

Antero Midstream stock opened at $18.85 on Friday. 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 $13.12 and a 1-year high of $19.13. The company has a market cap of $9.03 billion, a PE ratio of 22.71 and a beta of 0.99. The stock’s 50 day moving average price is $17.26 and its 200 day moving average price is $16.25.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.77%. Antero Midstream’s payout ratio is 103.45%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AM. Wells Fargo & Company lifted their price target on 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 upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

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.