Envestnet Asset Management Inc. Purchases 2,649 Shares of Antero Midstream Co. (NYSE:AM)

Envestnet Asset Management Inc. lifted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 492,735 shares of the pipeline company’s stock after buying an additional 2,649 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of Antero Midstream worth $7,435,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AM. Vanguard Group Inc. increased its stake in Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock worth $541,250,000 after purchasing an additional 96,788 shares in the last quarter. Geode Capital Management LLC increased its holdings in Antero Midstream by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company’s stock worth $92,174,000 after buying an additional 25,001 shares during the last quarter. Norges Bank acquired a new position in shares of Antero Midstream during the 4th quarter worth about $62,578,000. Charles Schwab Investment Management Inc. increased its position in Antero Midstream by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company’s stock worth $57,769,000 after buying an additional 37,787 shares during the last quarter. Finally, Cinctive Capital Management LP raised its stake in Antero Midstream by 15.7% in the 4th quarter. Cinctive Capital Management LP now owns 2,488,840 shares of the pipeline company’s stock valued at $37,557,000 after acquiring an additional 337,330 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Antero Midstream Stock Up 1.7 %

AM stock opened at $17.15 on Monday. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $8.21 billion, a P/E ratio of 20.67 and a beta of 1.99. The firm has a 50-day moving average price of $16.91 and a 200-day moving average price of $15.97.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results 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%. As a group, equities research analysts anticipate that Antero Midstream Co. will post 0.95 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 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.225 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.25%. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

About Antero Midstream

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.