Vident Advisory LLC Purchases New Shares in Antero Midstream Co. (NYSE:AM)

Vident Advisory LLC purchased a new stake in Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 190,130 shares of the pipeline company's stock, valued at approximately $2,869,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Guild Investment Management Inc. acquired a new position in Antero Midstream in the fourth quarter valued at approximately $1,883,000. Commonwealth Equity Services LLC raised its position in shares of Antero Midstream by 45.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after purchasing an additional 39,048 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Antero Midstream during the fourth quarter worth approximately $226,000. Empowered Funds LLC raised its position in shares of Antero Midstream by 4.3% during the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after purchasing an additional 1,751 shares during the period. Finally, Columbus Macro LLC acquired a new position in shares of Antero Midstream during the fourth quarter worth approximately $6,977,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AM shares. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company upped their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.

Antero Midstream Stock Up 1.6%

Shares of NYSE:AM traded up $0.31 during trading on Tuesday, reaching $18.96. 360,063 shares of the stock were exchanged, compared to its average volume of 3,321,041. 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 1-year low of $13.12 and a 1-year high of $19.04. The stock has a fifty day moving average of $17.48 and a two-hundred day moving average of $16.46. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 22.84 and a beta of 0.99.

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

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's payout ratio is currently 103.45%.

Antero Midstream Company Profile

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.