Chung Wu Investment Group LLC Acquires New Position in Antero Midstream Co. (NYSE:AM)

Chung Wu Investment Group LLC acquired a new stake in Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 127,500 shares of the pipeline company’s stock, valued at approximately $1,924,000. Antero Midstream makes up 1.9% of Chung Wu Investment Group LLC’s portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AM. Birch Capital Management LLC lifted its stake 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 valued at $566,000 after buying an additional 655 shares during the last quarter. Stifel Financial Corp boosted its position 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 period. KPP Advisory Services LLC raised its holdings in shares of Antero Midstream by 3.0% during the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock worth $361,000 after acquiring an additional 700 shares in the last quarter. Coldstream Capital Management Inc. grew its position 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 acquiring an additional 705 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of 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 during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AM has been the topic of a number of research reports. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on shares of 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

AM stock opened at $16.99 on Thursday. The stock has a 50-day moving average price of $16.06 and a 200-day moving average price of $15.41. The firm has a market cap of $8.13 billion, a PE ratio of 20.47 and a beta of 2.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.19.

Antero Midstream (NYSE:AM) last released its 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, equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

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.