Walled Lake Planning & Wealth Management LLC Reduces Holdings in Antero Midstream Co. (NYSE:AM)

Walled Lake Planning & Wealth Management LLC decreased its position in shares of Antero Midstream Co. (NYSE:AM) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,098 shares of the pipeline company’s stock after selling 1,677 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Antero Midstream were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Antero Midstream by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock valued at $57,047,000 after purchasing an additional 22,936 shares during the period. Citigroup Inc. lifted its holdings in shares of Antero Midstream by 1.2% in the 3rd quarter. Citigroup Inc. now owns 670,894 shares of the pipeline company’s stock valued at $10,097,000 after buying an additional 7,790 shares during the period. Cerity Partners LLC boosted its stake in shares of Antero Midstream by 26.2% in the third quarter. Cerity Partners LLC now owns 39,842 shares of the pipeline company’s stock valued at $600,000 after buying an additional 8,271 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Antero Midstream by 19.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 26,721 shares of the pipeline company’s stock worth $403,000 after acquiring an additional 4,316 shares during the period. Finally, Bank of Montreal Can raised its position in Antero Midstream by 40.4% in the third quarter. Bank of Montreal Can now owns 415,763 shares of the pipeline company’s stock worth $6,241,000 after acquiring an additional 119,633 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.2 %

Shares of AM stock opened at $17.95 on Friday. The stock has a market cap of $8.59 billion, a P/E ratio of 21.62 and a beta of 2.33. 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 fifty-two week low of $13.12 and a fifty-two week high of $18.30. The business has a fifty day simple moving average of $16.69 and a 200-day simple moving average of $15.76.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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%. On average, analysts forecast 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. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Analysts Set New Price Targets

AM has been the topic of a number of recent analyst reports. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. 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.

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.