Advisory Services Network LLC Has $395,000 Holdings in Antero Midstream Co. (NYSE:AM)

Advisory Services Network LLC lessened its holdings in Antero Midstream Co. (NYSE:AM) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,156 shares of the pipeline company’s stock after selling 1,800 shares during the quarter. Advisory Services Network LLC’s holdings in Antero Midstream were worth $395,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Birch Capital Management LLC grew its position in shares of Antero Midstream by 1.8% during the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after buying an additional 655 shares during the period. Stifel Financial Corp boosted its stake in Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after acquiring an additional 685 shares during the last quarter. KPP Advisory Services LLC grew its holdings in Antero Midstream by 3.0% during the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock valued at $361,000 after purchasing an additional 700 shares during the period. Coldstream Capital Management Inc. increased its stake 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 valued at $185,000 after purchasing an additional 705 shares in the last quarter. Finally, CIBC Asset Management Inc raised 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 during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.9 %

Shares of NYSE:AM opened at $16.88 on Thursday. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 20.34 and a beta of 1.99. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49. The company’s fifty day simple moving average is $16.87 and its 200 day simple moving average is $15.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.33%. Antero Midstream’s dividend payout ratio is currently 108.43%.

Analyst Ratings Changes

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

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.