10,814 Shares in Antero Midstream Co. (NYSE:AM) Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC bought a new stake in Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,814 shares of the pipeline company’s stock, valued at approximately $163,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AM. Financial Management Professionals Inc. lifted its holdings in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. boosted its holdings in Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares during the period. GAMMA Investing LLC grew its stake in Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 1,962 shares in the last quarter. Allworth Financial LP increased its holdings in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after purchasing an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Antero Midstream in the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company increased their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd.

Antero Midstream Stock Performance

NYSE AM opened at $16.53 on Tuesday. The business’s 50-day moving average price is $16.84 and its 200 day moving average price is $15.93. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market cap of $7.91 billion, a P/E ratio of 19.92 and a beta of 1.99. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.49.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. On average, equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream’s payout ratio is 108.43%.

Antero Midstream Company 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.