BankPlus Trust Department Makes New Investment in Antero Midstream Co. (NYSE:AM)

BankPlus Trust Department bought a new position in Antero Midstream Co. (NYSE:AM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,546 shares of the pipeline company’s stock, valued at approximately $129,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Birch Capital Management LLC increased its holdings in Antero Midstream by 1.8% in the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after purchasing an additional 655 shares in the last quarter. Stifel Financial Corp increased its holdings in Antero Midstream by 0.8% in the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after purchasing an additional 685 shares in the last quarter. KPP Advisory Services LLC increased its holdings in Antero Midstream by 3.0% in the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock worth $361,000 after purchasing an additional 700 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Antero Midstream by 6.1% in the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after purchasing an additional 705 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Antero Midstream by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock worth $227,000 after purchasing an additional 724 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Performance

Shares of AM opened at $16.01 on Tuesday. 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 $13.02 and a 1 year high of $16.99. The firm has a market cap of $7.66 billion, a PE ratio of 19.28 and a beta of 2.31. The stock’s fifty day moving average price is $15.86 and its two-hundred day moving average price is $15.32.

Antero Midstream (NYSE:AM) last released its quarterly earnings data 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%. On average, equities research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.62%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 108.44%.

Wall Street Analysts Forecast Growth

AM has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

Antero Midstream 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.