Jefferies Financial Group Inc. Purchases New Position in Antero Midstream Co. (NYSE:AM)

Jefferies Financial Group Inc. purchased a new stake in Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,073 shares of the pipeline company's stock, valued at approximately $756,000.

A number of other large investors also recently modified their holdings of AM. Hancock Whitney Corp grew its holdings in Antero Midstream by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock worth $650,000 after acquiring an additional 624 shares during the period. KPP Advisory Services LLC lifted its position 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 valued at $361,000 after acquiring an additional 700 shares in the last quarter. CIBC Asset Management Inc lifted its position in Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock valued at $227,000 after acquiring an additional 724 shares in the last quarter. Metis Global Partners LLC lifted its position in 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 acquiring an additional 821 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Antero Midstream by 0.8% in the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock valued at $1,581,000 after acquiring an additional 824 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AM. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Price Performance

NYSE:AM traded down $0.17 during midday trading on Wednesday, hitting $18.66. The company had a trading volume of 347,643 shares, compared to its average volume of 2,940,334. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $19.04. The stock's fifty day moving average price is $17.38 and its 200-day moving average price is $16.35. The company has a market capitalization of $8.94 billion, a PE ratio of 22.46 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM - Get Free Report) last posted 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. The business had revenue of $291.13 million during the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The company's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's payout ratio is currently 103.45%.

Antero Midstream 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.