Schonfeld Strategic Advisors LLC reduced its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 83.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,792 shares of the pipeline company's stock after selling 55,291 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Antero Midstream were worth $163,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Hancock Whitney Corp boosted its holdings in shares of Antero Midstream by 1.5% in 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 in the last quarter. KPP Advisory Services LLC boosted its holdings in shares of 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 in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock worth $227,000 after acquiring an additional 724 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Antero Midstream by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company's stock worth $298,000 after buying an additional 821 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Antero Midstream by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock worth $1,581,000 after buying an additional 824 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have issued reports on AM. Wells Fargo & Company upped their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.
Get Our Latest Analysis on Antero Midstream
Antero Midstream Stock Up 0.5%
NYSE:AM opened at $18.52 on Thursday. The stock's fifty day moving average price is $17.22 and its two-hundred day moving average price is $16.22. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.60. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 22.31 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. The company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.
Antero Midstream Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's payout ratio is 103.45%.
Antero Midstream Company Profile
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Free Report)
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.
See Also
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