SBI Securities Co. Ltd. Buys New Position in Antero Midstream Co. (NYSE:AM)

SBI Securities Co. Ltd. bought a new stake in Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,974 shares of the pipeline company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Antero Midstream by 6.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,774 shares of the pipeline company’s stock worth $328,000 after purchasing an additional 1,249 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Antero Midstream by 98.6% during the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 86,001 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Antero Midstream by 2.8% during the 3rd quarter. QRG Capital Management Inc. now owns 238,889 shares of the pipeline company’s stock worth $3,595,000 after purchasing an additional 6,550 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Antero Midstream during the 3rd quarter worth approximately $337,000. Finally, Covestor Ltd increased its position in shares of Antero Midstream by 112.0% during the 3rd quarter. Covestor Ltd now owns 13,312 shares of the pipeline company’s stock worth $200,000 after purchasing an additional 7,032 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Performance

AM opened at $16.99 on Thursday. The business has a fifty day simple moving average of $16.06 and a 200 day simple moving average of $15.41. The company has a market capitalization of $8.13 billion, a PE ratio of 20.47 and a beta of 2.31. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $17.19. 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 (NYSE:AM) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced 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 was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.30%. Antero Midstream’s payout ratio is 108.43%.

Analyst Ratings Changes

A number of research firms recently weighed in on AM. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

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.