Baird Financial Group Inc. Makes New $251,000 Investment in Antero Midstream Co. (NYSE:AM)

Baird Financial Group Inc. acquired a new stake in Antero Midstream Co. (NYSE:AM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,617 shares of the pipeline company's stock, valued at approximately $251,000.

A number of other large investors have also recently bought and sold shares of AM. Hennion & Walsh Asset Management Inc. grew its holdings in Antero Midstream by 6.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 197,255 shares of the pipeline company's stock valued at $2,977,000 after purchasing an additional 12,571 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after buying an additional 1,000 shares during the period. Atomi Financial Group Inc. grew its stake in Antero Midstream by 7.9% in the 4th quarter. Atomi Financial Group Inc. now owns 33,787 shares of the pipeline company's stock valued at $510,000 after buying an additional 2,465 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Antero Midstream by 22.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 928,015 shares of the pipeline company's stock worth $14,004,000 after acquiring an additional 171,730 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its position in Antero Midstream by 15.3% during the 4th quarter. First Citizens Bank & Trust Co. now owns 20,294 shares of the pipeline company's stock worth $306,000 after acquiring an additional 2,689 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Performance

Shares of AM traded down $0.21 on Thursday, reaching $18.37. 205,006 shares of the stock traded hands, compared to its average volume of 2,942,497. The stock's 50-day moving average price is $17.42 and its 200-day moving average price is $16.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 22.12 and a beta of 0.99. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.04.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The firm had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.90%. Antero Midstream's payout ratio is currently 103.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AM shares. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company raised their target price 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.