Vestcor Inc Buys Shares of 21,755 Antero Midstream Co. (NYSE:AM)

Vestcor Inc purchased a new position in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,755 shares of the pipeline company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Swiss National Bank lifted its stake in Antero Midstream by 0.8% in the 4th quarter. Swiss National Bank now owns 709,900 shares of the pipeline company’s stock valued at $10,712,000 after buying an additional 5,400 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Antero Midstream by 5,845.4% in the fourth quarter. Farther Finance Advisors LLC now owns 118,195 shares of the pipeline company’s stock valued at $1,784,000 after acquiring an additional 116,207 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Antero Midstream by 4.5% during the fourth quarter. HighTower Advisors LLC now owns 52,346 shares of the pipeline company’s stock valued at $790,000 after acquiring an additional 2,244 shares during the last quarter. Guild Investment Management Inc. acquired a new position in Antero Midstream in the 4th quarter valued at about $1,883,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Antero Midstream by 5.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,584 shares of the pipeline company’s stock valued at $1,488,000 after purchasing an additional 5,155 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday.

Antero Midstream Trading Up 2.6 %

NYSE AM opened at $17.45 on Tuesday. The company has a market cap of $8.35 billion, a P/E ratio of 21.02 and a beta of 2.33. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $17.47. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50-day moving average of $16.34 and a 200-day moving average of $15.55.

Antero Midstream (NYSE:AM) last issued its quarterly 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 return on equity of 18.82% and a net margin of 36.24%. As a group, equities analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently declared 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 5.16%. Antero Midstream’s dividend payout ratio is presently 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.