Raymond James Financial Inc. Invests $5.72 Million in Antero Midstream Co. (NYSE:AM)

Raymond James Financial Inc. purchased a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 379,207 shares of the pipeline company's stock, valued at approximately $5,722,000. Raymond James Financial Inc. owned about 0.08% of Antero Midstream as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Financial Management Professionals Inc. boosted its stake in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. increased its position in Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after buying an additional 2,612 shares during the period. GAMMA Investing LLC increased its position in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after acquiring an additional 1,962 shares during the period. Allworth Financial LP grew its position in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after purchasing an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Antero Midstream during the 4th quarter worth $119,000. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

Antero Midstream stock traded down $0.40 during midday trading on Wednesday, reaching $16.52. The company's stock had a trading volume of 3,094,427 shares, compared to its average volume of 2,933,881. The stock has a market cap of $7.91 billion, a PE ratio of 19.90 and a beta of 1.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.49. The business has a 50-day moving average price of $16.95 and a 200-day moving average price of $16.03.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.25. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.45%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream's payout ratio is presently 108.43%.

Analyst Ratings Changes

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

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.