South Street Advisors LLC Cuts Stock Position in Antero Midstream Co. (NYSE:AM)

South Street Advisors LLC lessened its position in Antero Midstream Co. (NYSE:AM) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,560 shares of the pipeline company’s stock after selling 11,240 shares during the quarter. South Street Advisors LLC’s holdings in Antero Midstream were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AM. Birch Capital Management LLC boosted its position in shares of Antero Midstream by 1.8% during 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 boosted 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 valued at $1,256,000 after purchasing an additional 685 shares during the period. 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 valued at $361,000 after purchasing an additional 700 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of 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 purchasing an additional 705 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock valued at $227,000 after purchasing an additional 724 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Up 2.6 %

AM opened at $17.45 on Tuesday. The business has a 50 day moving average price of $16.34 and a two-hundred day moving average price of $15.55. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a market cap of $8.35 billion, a PE ratio of 21.02 and a beta of 2.33. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $17.47.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data 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%. As a group, research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed 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. This represents a $0.90 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 108.43%.

Wall Street Analyst Weigh In

AM has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday.

About Antero Midstream

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.