256,900 Shares in Antero Midstream Co. (NYSE:AM) Purchased by Bank of Nova Scotia

Bank of Nova Scotia purchased a new stake in Antero Midstream Co. (NYSE:AMFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 256,900 shares of the pipeline company’s stock, valued at approximately $3,219,000. Bank of Nova Scotia owned about 0.05% of Antero Midstream at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AM. Lindbrook Capital LLC boosted its holdings in Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after buying an additional 919 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,930 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Antero Midstream in the 4th quarter worth $51,000. Principal Securities Inc. acquired a new stake in shares of Antero Midstream during the fourth quarter worth $62,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Antero Midstream during the fourth quarter worth $104,000. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Antero Midstream

Antero Midstream Trading Up 0.3 %

NYSE:AM opened at $14.55 on Thursday. The stock has a market cap of $7.00 billion, a PE ratio of 18.18 and a beta of 2.31. Antero Midstream Co. has a fifty-two week low of $10.60 and a fifty-two week high of $15.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $14.25 and its two-hundred day moving average is $13.29.

Antero Midstream (NYSE:AMGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $279.05 million for the quarter, compared to analysts’ expectations of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. As a group, equities research analysts forecast that Antero Midstream Co. will post 0.89 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.19%. Antero Midstream’s dividend payout ratio (DPR) is currently 112.50%.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction dated 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 sale, the insider now directly owns 170,266 shares in the company, valued at approximately $2,327,536.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Antero Midstream Company 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.

Further Reading

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

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