Sherbrooke Park Advisers LLC reduced its position in Antero Midstream Co. (NYSE:AM - Free Report) by 81.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,017 shares of the pipeline company's stock after selling 76,308 shares during the period. Sherbrooke Park Advisers LLC's holdings in Antero Midstream were worth $257,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. raised its position in 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 during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after acquiring an additional 963 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after purchasing an additional 2,612 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after purchasing an additional 951 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Antero Midstream in the fourth quarter valued at about $119,000. 53.97% of the stock is currently owned by institutional investors.
Antero Midstream Stock Performance
Shares of AM stock opened at $18.88 on Tuesday. The firm has a 50-day moving average of $17.34 and a 200-day moving average of $16.33. The company has a market cap of $9.05 billion, a P/E ratio of 22.75 and a beta of 0.99. 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 Co. has a one year low of $13.12 and a one year high of $19.04.
Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same quarter last year, the company posted $0.21 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.
Antero Midstream Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.77%. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased 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.
Read Our Latest Report on AM
About Antero Midstream
(
Free Report)
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.
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