Mackenzie Financial Corp Buys 86,048 Shares of Antero Midstream Co. (NYSE:AM)

Mackenzie Financial Corp raised its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 146.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,627 shares of the pipeline company's stock after acquiring an additional 86,048 shares during the period. Mackenzie Financial Corp's holdings in Antero Midstream were worth $1,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AM. Counterpoint Mutual Funds LLC acquired a new position in Antero Midstream during the 3rd quarter worth approximately $97,000. Bleakley Financial Group LLC acquired a new position in Antero Midstream during the 4th quarter worth approximately $127,000. Simplicity Solutions LLC acquired a new position in Antero Midstream during the 4th quarter worth approximately $127,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Antero Midstream by 11.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,191 shares of the pipeline company's stock worth $134,000 after acquiring an additional 1,151 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in shares of Antero Midstream in the 3rd quarter worth approximately $155,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

AM stock traded up $0.07 on Wednesday, reaching $14.01. The company had a trading volume of 2,371,959 shares, compared to its average volume of 2,697,251. Antero Midstream Co. has a 1 year low of $9.69 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. The company's fifty day moving average is $13.58 and its 200 day moving average is $12.90. The company has a market cap of $6.72 billion, a P/E ratio of 18.19 and a beta of 2.25.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. During the same quarter in the prior year, the company earned $0.20 EPS. Antero Midstream's revenue was up 7.7% on a year-over-year basis. On average, research analysts forecast that Antero Midstream Co. will post 0.98 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream's dividend payout ratio is presently 116.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AM. Tudor, Pickering, Holt & Co. cut Antero Midstream from a "buy" rating to a "hold" rating and upped their price target for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, March 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.70.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total transaction of $224,105.98. Following the transaction, the insider now owns 170,266 shares of the company's stock, valued at approximately $2,327,536.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company's stock.

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.