TFO Wealth Partners LLC Purchases 12,133 Shares of Antero Midstream Co. (NYSE:AM)

TFO Wealth Partners LLC raised its position in shares of Antero Midstream Co. (NYSE:AMFree Report) by 46,665.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,159 shares of the pipeline company’s stock after purchasing an additional 12,133 shares during the period. TFO Wealth Partners LLC’s holdings in Antero Midstream were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of Antero Midstream by 0.4% in the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock worth $401,745,000 after acquiring an additional 135,163 shares in the last quarter. RR Advisors LLC raised its position in shares of Antero Midstream by 2.9% in the 3rd quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock worth $72,785,000 after acquiring an additional 169,000 shares in the last quarter. Norges Bank purchased a new position in Antero Midstream during the 4th quarter worth $54,704,000. Charles Schwab Investment Management Inc. grew its stake in Antero Midstream by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock worth $45,141,000 after buying an additional 99,592 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its stake in Antero Midstream by 2.1% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 2,265,000 shares of the pipeline company’s stock worth $27,135,000 after buying an additional 46,600 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Up 0.6 %

Antero Midstream stock opened at $14.50 on Wednesday. The company has a market cap of $6.98 billion, a PE ratio of 18.13 and a beta of 2.31. The business’s 50-day simple moving average is $14.25 and its two-hundred day simple moving average is $13.29. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25. Antero Midstream Co. has a fifty-two week low of $10.60 and a fifty-two week high of $15.10.

Antero Midstream (NYSE:AMGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. Equities analysts anticipate that Antero Midstream Co. will post 0.89 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were issued a $0.225 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.21%. Antero Midstream’s payout ratio is 112.50%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AM shares. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and boosted their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.70.

Read Our Latest Analysis on Antero Midstream

Insider Buying and Selling

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 completion of the transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

Antero Midstream Profile

(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.

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

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