KPP Advisory Services LLC Buys 700 Shares of Antero Midstream Co. (NYSE:AM)

KPP Advisory Services LLC lifted its stake in shares of Antero Midstream Co. (NYSE:AM) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,893 shares of the pipeline company’s stock after acquiring an additional 700 shares during the quarter. KPP Advisory Services LLC’s holdings in Antero Midstream were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AM. Birch Capital Management LLC raised its holdings in shares of Antero Midstream by 1.8% during the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock valued at $566,000 after buying an additional 655 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Antero Midstream by 0.8% during the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after acquiring an additional 685 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after acquiring an additional 705 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Antero Midstream by 4.7% in the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after purchasing an additional 759 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after purchasing an additional 768 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Antero Midstream Stock Up 0.6 %

Shares of NYSE:AM opened at $16.14 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $15.10. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.86. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.92 and a beta of 2.31.

Antero Midstream Dividend Announcement

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

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.