New Age Alpha Advisors LLC Buys Shares of 28,532 Antero Midstream Co. (NYSE:AM)

New Age Alpha Advisors LLC purchased a new position in shares of Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,532 shares of the pipeline company’s stock, valued at approximately $431,000.

A number of other large investors have also made changes to their positions in the stock. Birch Capital Management LLC boosted its position in Antero Midstream by 1.8% during 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 raised its stake in shares of 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 buying an additional 685 shares during the last quarter. KPP Advisory Services LLC boosted its position in shares of Antero Midstream by 3.0% in the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock worth $361,000 after buying an additional 700 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after acquiring an additional 705 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Antero Midstream by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock valued at $227,000 after acquiring an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AM. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company upped their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th.

Antero Midstream Stock Performance

Shares of AM opened at $18.26 on Wednesday. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.41. The company’s 50 day simple moving average is $16.75 and its 200 day simple moving average is $15.81. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 21.99 and a beta of 2.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.93%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

Antero Midstream Company 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.