Phocas Financial Corp. Trims Stock Position in Antero Midstream Co. (NYSE:AM)

Phocas Financial Corp. trimmed its stake in shares of Antero Midstream Co. (NYSE:AM) by 84.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

Antero Midstream Trading Down 0.7 %

NYSE AM opened at $15.90 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. Antero Midstream Co. has a one year low of $13.02 and a one year high of $16.99. The company’s 50 day moving average price is $15.88 and its 200 day moving average price is $15.33. The firm has a market capitalization 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 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%. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 dividend yield of 5.66%. Antero Midstream’s payout ratio is currently 108.44%.

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.