Raymond James Financial Services Advisors Inc. Has $3.04 Million Stake in Antero Midstream Co. (NYSE:AM)

Raymond James Financial Services Advisors Inc. increased its position in shares of Antero Midstream Co. (NYSE:AM – Get Rating) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,911 shares of the pipeline company’s stock after purchasing an additional 13,563 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Antero Midstream worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AM. State of Michigan Retirement System boosted its holdings in Antero Midstream by 2.1% in the 3rd quarter. State of Michigan Retirement System now owns 84,425 shares of the pipeline company’s stock valued at $775,000 after purchasing an additional 1,700 shares during the period. Zazove Associates LLC acquired a new stake in Antero Midstream during the third quarter worth approximately $2,066,000. All Season Financial Advisors Inc. increased its stake in Antero Midstream by 4.6% during the 3rd quarter. All Season Financial Advisors Inc. now owns 39,540 shares of the pipeline company’s stock worth $363,000 after acquiring an additional 1,730 shares during the period. Transform Wealth LLC raised its holdings in Antero Midstream by 240.8% in the 3rd quarter. Transform Wealth LLC now owns 90,823 shares of the pipeline company’s stock valued at $834,000 after acquiring an additional 64,172 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Antero Midstream during the 3rd quarter valued at $818,000. 52.21% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

AM stock opened at $11.39 on Friday. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 17.00 and a beta of 2.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $10.27. Antero Midstream Co. has a 1 year low of $8.56 and a 1 year high of $11.61.

Antero Midstream (NYSE:AM – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The pipeline company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $231.03 million during the quarter, compared to analysts’ expectations of $241.91 million. Antero Midstream had a return on equity of 16.88% and a net margin of 35.99%. Antero Midstream’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Research analysts anticipate that Antero Midstream Co. will post 0.7 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Tuesday, January 24th. Antero Midstream’s dividend payout ratio (DPR) is currently 134.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley raised their price target on Antero Midstream from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Monday, January 9th. StockNews.com started coverage on shares of Antero Midstream in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays boosted their price objective on shares of Antero Midstream from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, October 19th. Finally, TheStreet raised Antero Midstream from a “c” rating to a “b-” rating in a report on Monday, November 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Antero Midstream presently has a consensus rating of “Hold” and an average target price of $11.50.

About Antero Midstream

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Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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.