EverSource Wealth Advisors LLC Sells 27,195 Shares of Antero Midstream Co. (NYSE:AM)

EverSource Wealth Advisors LLC lowered its position in Antero Midstream Co. (NYSE:AM) by 85.1% during the 4th quarter, HoldingsChannel reports. The firm owned 4,760 shares of the pipeline company’s stock after selling 27,195 shares during the period. EverSource Wealth Advisors LLC’s holdings in Antero Midstream were worth $72,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AM. FMR LLC increased its holdings in shares of Antero Midstream by 121.9% in the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the period. Jennison Associates LLC grew its position in Antero Midstream by 128.0% in the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after acquiring an additional 579,191 shares in the last quarter. Columbus Macro LLC purchased a new position in Antero Midstream in the fourth quarter worth $6,977,000. Raymond James Financial Inc. purchased a new position in Antero Midstream in the fourth quarter worth $5,722,000. Finally, Geode Capital Management LLC grew its position in Antero Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after acquiring an additional 251,987 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

NYSE AM opened at $17.43 on Wednesday. The company has a 50-day simple moving average of $16.38 and a two-hundred day simple moving average of $15.57. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $17.63. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 20.99 and a beta of 2.33.

Antero Midstream (NYSE:AM) last posted its quarterly 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%. On average, equities analysts forecast 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 given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.16%. Antero Midstream’s payout ratio is 108.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on AM shares. Wells Fargo & Company upped their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday.

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.