EverSource Wealth Advisors LLC Cuts Position in Antero Midstream Co. (NYSE:AM)

EverSource Wealth Advisors LLC lessened its holdings in Antero Midstream Co. (NYSE:AM) by 85.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,760 shares of the pipeline company’s stock after selling 27,195 shares during the period. EverSource Wealth Advisors LLC’s holdings in Antero Midstream were worth $72,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of Antero Midstream by 4.5% in the 4th quarter. HighTower Advisors LLC now owns 52,346 shares of the pipeline company’s stock worth $790,000 after purchasing an additional 2,244 shares during the period. Guild Investment Management Inc. bought a new stake in shares of Antero Midstream in the 4th quarter worth approximately $1,883,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Antero Midstream by 5.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,584 shares of the pipeline company’s stock worth $1,488,000 after purchasing an additional 5,155 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Antero Midstream in the 4th quarter worth approximately $1,940,000. Finally, Chung Wu Investment Group LLC bought a new stake in shares of Antero Midstream in the 4th quarter worth approximately $1,924,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AM shares. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday.

Antero Midstream Trading Down 0.0 %

Shares of AM stock opened at $17.43 on Wednesday. The company’s fifty day simple moving average is $16.38 and its two-hundred day simple moving average is $15.57. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $17.63. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 20.99 and a beta of 2.33.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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, analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.16%. Antero Midstream’s payout ratio is 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.