C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 66,773 Antero Midstream Co. (NYSE:AM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 66,773 shares of the pipeline company’s stock, valued at approximately $1,008,000.

A number of other large investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Antero Midstream in the third quarter valued at $38,000. Financial Management Professionals Inc. raised its stake in shares of Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream during the 3rd quarter valued at about $48,000. Finally, Abich Financial Wealth Management LLC increased its stake in Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after acquiring an additional 818 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of analyst reports. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research report on Wednesday, December 18th.

Antero Midstream Price Performance

NYSE:AM opened at $16.83 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market cap of $8.10 billion, a PE ratio of 20.77 and a beta of 2.31. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.91. The company’s 50-day moving average price is $15.65 and its two-hundred day moving average price is $15.18.

Antero Midstream (NYSE:AM) last announced its earnings results 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 18.91% and a net margin of 36.16%. On average, equities analysts anticipate that Antero Midstream Co. will post 0.83 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. 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 5.35%. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

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.