C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Stake in Antero Midstream Co. (NYSE:AM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 66,773 shares of the pipeline company’s stock, valued at approximately $1,008,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its position in shares of Antero Midstream by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after purchasing an additional 34,222 shares in the last quarter. Van ECK Associates Corp increased its position in Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after buying an additional 86,001 shares during the period. JPMorgan Chase & Co. increased its position in Antero Midstream by 12.0% during the third 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 period. Creative Planning boosted its holdings in shares of Antero Midstream by 43.5% in the third quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock valued at $1,642,000 after acquiring an additional 33,054 shares during the period. Finally, Columbus Macro LLC purchased a new position in shares of Antero Midstream during the fourth quarter worth approximately $6,977,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Performance

NYSE:AM opened at $16.77 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 20.21 and a beta of 2.31. The firm’s fifty day moving average price is $15.78 and its 200 day moving average price is $15.25. Antero Midstream Co. has a 1-year low of $12.32 and a 1-year high of $16.99.

Antero Midstream (NYSE:AM) last issued its quarterly 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, sell-side analysts expect 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. Stockholders of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.37%. Antero Midstream’s dividend payout ratio is currently 108.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AM. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday.

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.