BankPlus Trust Department Invests $129,000 in Antero Midstream Co. (NYSE:AM)

BankPlus Trust Department bought a new position in Antero Midstream Co. (NYSE:AM) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 8,546 shares of the pipeline company’s stock, valued at approximately $129,000.

Several other institutional investors have also recently made changes to their positions in the company. Birch Capital Management LLC raised its position in shares of Antero Midstream by 1.8% in the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after acquiring an additional 655 shares in the last quarter. Stifel Financial Corp raised its position in shares of Antero Midstream by 0.8% in 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 in the last quarter. KPP Advisory Services LLC increased its position in Antero Midstream by 3.0% during the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock valued at $361,000 after buying an additional 700 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after buying an additional 705 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position 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 buying an additional 724 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Shares of AM opened at $16.01 on Tuesday. The business’s fifty day simple moving average is $15.86 and its two-hundred day simple moving average is $15.32. 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 12 month low of $13.02 and a 12 month high of $16.99. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 19.28 and a beta of 2.31.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 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%. Research analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.62%. Antero Midstream’s dividend payout ratio is 108.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AM. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company raised 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 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.