Great West Life Assurance Co. Can Purchases Shares of 396,385 Antero Midstream Co. (NYSE:AM)

Great West Life Assurance Co. Can purchased a new stake in Antero Midstream Co. (NYSE:AMGet Rating) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 396,385 shares of the pipeline company’s stock, valued at approximately $3,628,000.

A number of other hedge funds also recently bought and sold shares of the stock. Covestor Ltd raised its position in shares of Antero Midstream by 2,155.9% during the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 2,199 shares in the last quarter. Parkwood LLC raised its position in shares of Antero Midstream by 82.9% during the 2nd quarter. Parkwood LLC now owns 27,103 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 12,281 shares in the last quarter. CWM LLC raised its position in shares of Antero Midstream by 138.5% during the 2nd quarter. CWM LLC now owns 3,384 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 1,965 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Antero Midstream during the 2nd quarter worth about $33,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Antero Midstream during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 52.21% of the company’s stock.

Antero Midstream Trading Up 0.7 %

Shares of AM stock opened at $11.29 on Tuesday. The business’s 50 day moving average is $10.94 and its two-hundred day moving average is $10.37. Antero Midstream Co. has a twelve month low of $8.56 and a twelve month high of $11.61. The company has a market capitalization of $5.40 billion, a P/E ratio of 16.85 and a beta of 2.42. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.42.

Antero Midstream (NYSE:AMGet Rating) last announced its earnings results on Wednesday, October 26th. The pipeline company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Antero Midstream had a return on equity of 16.88% and a net margin of 35.99%. The company had revenue of $231.03 million for the quarter, compared to the consensus estimate of $241.91 million. During the same period last year, the business posted $0.22 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Antero Midstream Co. will post 0.7 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $0.90 annualized dividend and a dividend yield of 7.97%. Antero Midstream’s dividend payout ratio (DPR) is currently 134.33%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. TheStreet raised Antero Midstream from a “c” rating to a “b-” rating in a research report on Monday, November 28th. Morgan Stanley lifted their price target on Antero Midstream from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Monday, January 9th. StockNews.com assumed coverage on Antero Midstream in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Barclays lifted their price target on Antero Midstream from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.75.

About Antero Midstream

(Get Rating)

Antero Midstream Corp. owns, operates, and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the Gathering and Processing segment and Water Handling segment. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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