1 week Ago By ABMN Staff
Pictet Asset Management Holding SA boosted its stake in Antero Midstream Co. ( NYSE:AM – Free Report ) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 53,386 shares of the pipeline company’s stock after purchasing an additional 3,888 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Antero Midstream were worth $806,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of AM.
Guild Investment Management Inc. acquired a new stake in shares of Antero Midstream in the 4th quarter valued at $1,883,000. JPMorgan Chase & Co.
grew its position in Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co.
now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after acquiring an additional 203,967 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Antero Midstream by 45.6% during the fourth quarter.
Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company’s stock worth $1,882,000 after acquiring an additional 39,048 shares in the last quarter. SBI Securities Co. Ltd.
bought a new position in shares of Antero Midstream in the fourth quarter worth about $226,000. Finally, Empowered Funds LLC boosted its stake in shares of Antero Midstream by 4.3% in the 4th quarter.
Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock valued at $636,000 after purchasing an additional 1,751 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.
Analysts Set New Price Targets A number of equities 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 Thursday, April 3rd.
Wells Fargo & Company upped their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.
Antero Midstream Stock Performance Shares of AM stock opened at $16.14 on Tuesday. The business’s 50-day moving average price is $16.
83 and its 200-day moving average price is $15.88. Antero Midstream Co.
has a 12 month low of $13.12 and a 12 month high of $18.49.
The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.
47. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 19.
44 and a beta of 1.99. Antero Midstream ( NYSE:AM – Get Free Report ) last posted its earnings results on Wednesday, February 12th.
The pipeline company reported $0.23 earnings per share 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%. Equities research analysts forecast that Antero Midstream Co. will post 0.
95 EPS for the current year. Antero Midstream Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.
225 per share. This represents a $0.90 annualized dividend and a yield of 5.
58%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is currently 108.
43%. About Antero Midstream ( Free Report ) 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. Read More Want to see what other hedge funds are holding AM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Midstream Co.
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