Hsbc Holdings PLC Purchases 73,396 Shares of Antero Midstream Co. (NYSE:AM)

Hsbc Holdings PLC lifted its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 629.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,063 shares of the pipeline company's stock after acquiring an additional 73,396 shares during the quarter. Hsbc Holdings PLC's holdings in Antero Midstream were worth $1,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Birch Capital Management LLC grew its stake in shares of Antero Midstream by 1.8% during the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company's stock valued at $566,000 after acquiring an additional 655 shares during the period. KPP Advisory Services LLC increased its stake in Antero Midstream by 3.0% in the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock worth $361,000 after acquiring an additional 700 shares during the last quarter. CIBC Asset Management Inc lifted its position in Antero Midstream by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock valued at $227,000 after purchasing an additional 724 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Antero Midstream by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company's stock valued at $298,000 after purchasing an additional 821 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Antero Midstream by 0.8% in the fourth quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock worth $1,581,000 after purchasing an additional 824 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AM shares. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded down $0.01 on Thursday, hitting $17.80. The stock had a trading volume of 566,139 shares, compared to its average volume of 2,942,636. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The business's 50 day moving average is $17.07 and its two-hundred day moving average is $16.11. 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 stock has a market cap of $8.53 billion, a price-to-earnings ratio of 21.45 and a beta of 0.99.

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

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's payout ratio is 103.45%.

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.