Ameriprise Financial Inc. Increases Stake in Antero Midstream Co. (NYSE:AM)

Ameriprise Financial Inc. lifted its stake in shares of Antero Midstream Co. (NYSE:AM) by 19.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 412,371 shares of the pipeline company’s stock after buying an additional 66,056 shares during the quarter. Ameriprise Financial Inc. owned about 0.09% of Antero Midstream worth $6,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Guild Investment Management Inc. purchased a new position in shares of Antero Midstream during the fourth quarter valued at about $1,883,000. Commonwealth Equity Services LLC increased its position in shares of Antero Midstream by 45.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company’s stock valued at $1,882,000 after buying an additional 39,048 shares during the period. SBI Securities Co. Ltd. bought a new stake in Antero Midstream during the fourth quarter worth about $226,000. Empowered Funds LLC boosted its stake in Antero Midstream by 4.3% during the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after acquiring an additional 1,751 shares in the last quarter. Finally, Columbus Macro LLC bought a new stake in Antero Midstream during the fourth quarter worth about $6,977,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.8%

NYSE:AM opened at $18.65 on Friday. The company’s 50 day moving average price is $17.46 and its 200-day moving average price is $16.42. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $19.04. 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 stock has a market cap of $8.94 billion, a price-to-earnings ratio of 22.46 and a beta of 0.99.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The firm had revenue of $291.13 million for the quarter, compared to analysts’ expectations of $277.79 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream’s payout ratio is 103.45%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AM shares. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

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.