Oppenheimer & Co. Inc. Acquires 7,063 Shares of Antero Midstream Co. (NYSE:AM)

Oppenheimer & Co. Inc. raised its holdings in shares of Antero Midstream Co. (NYSE:AM) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 693,996 shares of the pipeline company’s stock after buying an additional 7,063 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.14% of Antero Midstream worth $10,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Antero Midstream by 1.5% during the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after purchasing an additional 160,593 shares in the last quarter. Geode Capital Management LLC lifted its position in Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after buying an additional 22,936 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Antero Midstream by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after buying an additional 203,967 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after buying an additional 600,208 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Trading Down 0.6 %

AM stock opened at $16.22 on Friday. The company has a market capitalization of $7.76 billion, a PE ratio of 19.54 and a beta of 2.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. Antero Midstream Co. has a one year low of $13.12 and a one year high of $16.99. The company’s 50 day moving average price is $15.95 and its two-hundred day moving average price is $15.34.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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, analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 108.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on AM shares. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

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.