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Oregon Public Employees Retirement Fund Boosts Position in Antero Midstream Co. (NYSE:AM)

Defense World ·  Jan 25, 2023 05:51

Oregon Public Employees Retirement Fund increased its holdings in shares of Antero Midstream Co. (NYSE:AM – Get Rating) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,043 shares of the pipeline company's stock after purchasing an additional 1,940 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in Antero Midstream were worth $872,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AM. Covestor Ltd lifted its stake in Antero Midstream by 2,155.9% in the first quarter. Covestor Ltd now owns 2,301 shares of the pipeline company's stock valued at $25,000 after buying an additional 2,199 shares during the last quarter. Parkwood LLC lifted its stake in Antero Midstream by 82.9% in the second quarter. Parkwood LLC now owns 27,103 shares of the pipeline company's stock valued at $27,000 after buying an additional 12,281 shares during the last quarter. CWM LLC lifted its stake in Antero Midstream by 138.5% in the second quarter. CWM LLC now owns 3,384 shares of the pipeline company's stock valued at $31,000 after buying an additional 1,965 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Antero Midstream in the second quarter valued at approximately $33,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in Antero Midstream in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 52.21% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AM shares. Barclays upped their price target on Antero Midstream from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 18th. TheStreet upgraded Antero Midstream from a "c" rating to a "b-" rating in a research note on Monday, November 28th. StockNews.com started coverage on Antero Midstream in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Finally, Morgan Stanley upped their price target on Antero Midstream from $11.00 to $12.00 and gave the stock an "underweight" rating in a research note on Monday, January 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.75.

Antero Midstream Trading Down 0.8 %

Shares of AM stock opened at $10.98 on Wednesday. The business's fifty day moving average price is $10.94 and its 200 day moving average price is $10.38. Antero Midstream Co. has a 1-year low of $8.56 and a 1-year high of $11.61. The firm has a market capitalization of $5.25 billion, a PE ratio of 16.39 and a beta of 2.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.76 and a quick ratio of 0.76.

Antero Midstream (NYSE:AM – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The pipeline company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. Antero Midstream had a return on equity of 16.88% and a net margin of 35.99%. The firm had revenue of $231.03 million for the quarter, compared to analyst estimates of $241.91 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Antero Midstream's quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Antero Midstream Co. will post 0.7 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date is Tuesday, January 24th. Antero Midstream's dividend payout ratio is presently 134.33%.

Antero Midstream Company 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.

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