Antero Midstream Co. (NYSE:AM) Position Boosted by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in shares of Antero Midstream Co. (NYSE:AM) by 146.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 144,627 shares of the pipeline company’s stock after purchasing an additional 86,048 shares during the period. Mackenzie Financial Corp’s holdings in Antero Midstream were worth $1,812,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jennison Associates LLC purchased a new stake in Antero Midstream during the third quarter valued at about $11,338,000. FMR LLC lifted its position in shares of Antero Midstream by 89.8% in the third quarter. FMR LLC now owns 960,810 shares of the pipeline company’s stock worth $11,511,000 after purchasing an additional 454,675 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of Antero Midstream by 19.9% in the third quarter. Miller Howard Investments Inc. NY now owns 2,588,864 shares of the pipeline company’s stock worth $31,015,000 after purchasing an additional 428,810 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of Antero Midstream by 41.3% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,238,000 shares of the pipeline company’s stock worth $15,512,000 after purchasing an additional 362,000 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Antero Midstream in the third quarter worth approximately $4,321,000. Institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

AM has been the subject of a number of research analyst reports. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and increased their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Price Performance

Shares of AM opened at $13.94 on Wednesday. The firm has a market cap of $6.69 billion, a PE ratio of 18.10 and a beta of 2.25. The firm’s 50 day moving average price is $13.58 and its 200 day moving average price is $12.90. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. Antero Midstream Co. has a twelve month low of $9.69 and a twelve month high of $14.52.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. During the same quarter last year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts expect that Antero Midstream Co. will post 0.98 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.46%. Antero Midstream’s dividend payout ratio (DPR) is presently 116.88%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction that occurred 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 in the company, valued at $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.

Antero Midstream Profile

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.