Raymond James & Associates lowered its stake in shares of Antero Midstream Co. (NYSE:AM – Get Rating) by 78.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,791 shares of the pipeline company's stock after selling 87,306 shares during the period. Raymond James & Associates' holdings in Antero Midstream were worth $218,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of AM. Covestor Ltd lifted its stake in Antero Midstream by 2,155.9% during the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 2,199 shares during the period. Parkwood LLC increased its position in shares of Antero Midstream by 82.9% during the 2nd quarter. Parkwood LLC now owns 27,103 shares of the pipeline company's stock valued at $27,000 after purchasing an additional 12,281 shares during the last quarter. CWM LLC increased its position in shares of Antero Midstream by 138.5% during the 2nd quarter. CWM LLC now owns 3,384 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 1,965 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Antero Midstream during the 2nd quarter valued at about $33,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Antero Midstream during the 3rd quarter valued at about $45,000. Institutional investors own 52.21% of the company's stock.
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Antero Midstream Stock Down 0.5 %
Shares of AM stock opened at $10.57 on Tuesday. The stock's 50-day simple moving average is $10.90 and its 200-day simple moving average is $10.46. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $5.06 billion, a PE ratio of 15.78 and a beta of 2.40. Antero Midstream Co. has a fifty-two week low of $8.56 and a fifty-two week high of $11.61.
Antero Midstream Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend is Tuesday, January 24th. Antero Midstream's dividend payout ratio is presently 134.33%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on AM shares. Morgan Stanley upped their target price on shares of Antero Midstream from $11.00 to $12.00 and gave the stock an "underweight" rating in a report on Monday, January 9th. StockNews.com initiated coverage on Antero Midstream in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. TheStreet raised Antero Midstream from a "c" rating to a "b-" rating in a research report on Monday, November 28th. Finally, Barclays upped their target price on Antero Midstream from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Wednesday, January 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Antero Midstream currently has a consensus rating of "Hold" and a consensus target price of $12.00.
Antero Midstream Profile
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Antero Midstream Corp. owns, operates, and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the Gathering and Processing segment and Water Handling segment. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.
Further Reading
- Get a free copy of the StockNews.com research report on Antero Midstream (AM)
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