Barnett & Company Inc. Increases Stock Holdings in Antero Midstream Co. (NYSE:AM)

Barnett & Company Inc. raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,800 shares of the pipeline company’s stock after acquiring an additional 4,100 shares during the period. Barnett & Company Inc.’s holdings in Antero Midstream were worth $1,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AM. Financial Management Professionals Inc. increased its position in shares of Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Antero Midstream during the 3rd quarter worth $48,000. Blue Trust Inc. boosted its holdings in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after buying an additional 2,612 shares during the last quarter. Allworth Financial LP grew its position in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after buying an additional 951 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after buying an additional 1,962 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

NYSE AM opened at $17.79 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a market cap of $8.51 billion, a PE ratio of 21.43 and a beta of 2.33. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $17.98. The firm’s 50-day simple moving average is $16.51 and its two-hundred day simple moving average is $15.64.

Antero Midstream (NYSE:AM) last released its quarterly earnings data 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 return on equity of 18.82% and a net margin of 36.24%. Research analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.06%. Antero Midstream’s payout ratio is 108.43%.

Analyst Ratings Changes

A number of research analysts have weighed in on AM shares. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company increased their price objective on Antero Midstream from $16.00 to $17.00 and gave the company 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.