Antero Midstream Co. (NYSE:AM) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in shares of Antero Midstream Co. (NYSE:AMGet Rating) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,821 shares of the pipeline company’s stock after acquiring an additional 1,682 shares during the quarter. Van ECK Associates Corp’s holdings in Antero Midstream were worth $926,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Captrust Financial Advisors raised its position in Antero Midstream by 11.5% during the 1st quarter. Captrust Financial Advisors now owns 9,651 shares of the pipeline company’s stock worth $105,000 after buying an additional 994 shares during the last quarter. Franklin Resources Inc. raised its position in Antero Midstream by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 44,526 shares of the pipeline company’s stock worth $403,000 after buying an additional 1,183 shares during the last quarter. PDT Partners LLC raised its position in Antero Midstream by 9.7% during the 1st quarter. PDT Partners LLC now owns 13,600 shares of the pipeline company’s stock worth $148,000 after buying an additional 1,200 shares during the last quarter. Advisory Services Network LLC raised its position in Antero Midstream by 5.6% during the 2nd quarter. Advisory Services Network LLC now owns 26,855 shares of the pipeline company’s stock worth $243,000 after buying an additional 1,429 shares during the last quarter. Finally, United Capital Financial Advisers LLC raised its position in Antero Midstream by 1.5% during the 1st quarter. United Capital Financial Advisers LLC now owns 101,050 shares of the pipeline company’s stock worth $1,098,000 after buying an additional 1,528 shares during the last quarter. Institutional investors and hedge funds own 52.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Antero Midstream Price Performance

Antero Midstream stock opened at $11.39 on Monday. The company’s fifty day moving average price is $10.92 and its 200 day moving average price is $10.28. Antero Midstream Co. has a 1 year low of $8.56 and a 1 year high of $11.61. The stock has a market capitalization of $5.45 billion, a P/E ratio of 17.00 and a beta of 2.42. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.76 and a current ratio of 0.76.

Antero Midstream (NYSE:AMGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Antero Midstream had a net margin of 35.99% and a return on equity of 16.88%. The firm had revenue of $231.03 million for the quarter, compared to analysts’ expectations of $241.91 million. During the same quarter last year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Midstream Co. will post 0.7 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be paid a $0.225 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $0.90 dividend on an annualized basis and a yield of 7.90%. Antero Midstream’s dividend payout ratio is currently 134.33%.

Antero Midstream Profile

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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.

Further Reading

Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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