Raymond James Financial Inc. Takes $5.72 Million Position in Antero Midstream Co. (NYSE:AM)

Raymond James Financial Inc. purchased a new position in Antero Midstream Co. (NYSE:AM) during the fourth quarter, Holdings Channel reports. The fund purchased 379,207 shares of the pipeline company’s stock, valued at approximately $5,722,000.

Other institutional investors also recently added to or reduced their stakes in the company. Birch Capital Management LLC grew its holdings in Antero Midstream by 1.8% during the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock valued at $566,000 after purchasing an additional 655 shares during the period. Stifel Financial Corp grew its stake in shares of Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after acquiring an additional 685 shares during the period. KPP Advisory Services LLC increased its holdings in 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 acquiring an additional 700 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after acquiring an additional 705 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock valued at $227,000 after acquiring an additional 724 shares during the period. Institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the subject of several recent research reports. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Performance

Shares of AM opened at $17.99 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 21.67 and a beta of 2.33. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.11. The stock’s 50-day simple moving average is $16.55 and its 200 day simple moving average is $15.66.

Antero Midstream (NYSE:AM) last announced 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%. Research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company 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 was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.00%. Antero Midstream’s payout ratio is currently 108.43%.

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.