Columbus Macro LLC Invests $6.98 Million in Antero Midstream Co. (NYSE:AM)

Columbus Macro LLC bought a new position in Antero Midstream Co. (NYSE:AM) in the 4th quarter, HoldingsChannel.com reports. The fund bought 462,372 shares of the pipeline company’s stock, valued at approximately $6,977,000.

A number of other institutional investors also recently made changes to their positions in AM. Birch Capital Management LLC raised its stake in shares of Antero Midstream by 1.8% in the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after purchasing an additional 655 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Antero Midstream by 0.8% in the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after buying an additional 685 shares in the last quarter. KPP Advisory Services LLC increased its holdings 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 worth $361,000 after buying an additional 700 shares during the last quarter. Coldstream Capital Management Inc. lifted 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 buying an additional 705 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in Antero Midstream by 4.7% during the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after purchasing an additional 759 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Wells Fargo & Company downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a report on Wednesday, December 18th.

Antero Midstream Stock Performance

Shares of AM opened at $16.14 on Tuesday. The stock has a 50 day moving average price of $15.56 and a 200 day moving average price of $15.10. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.92 and a beta of 2.31. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $16.86. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.58%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

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.