124,800 Shares in Antero Midstream Co. (NYSE:AM) Purchased by Guild Investment Management Inc.

Guild Investment Management Inc. bought a new position in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, HoldingsChannel.com reports. The firm bought 124,800 shares of the pipeline company’s stock, valued at approximately $1,883,000. Antero Midstream makes up approximately 2.0% of Guild Investment Management Inc.’s portfolio, making the stock its 20th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in 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 during the last quarter. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 203,967 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Antero Midstream during the fourth quarter worth about $226,000. Empowered Funds LLC lifted its stake in Antero Midstream by 4.3% during the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Columbus Macro LLC bought a new stake in Antero Midstream during the fourth quarter worth about $6,977,000. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

AM has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.

Antero Midstream Trading Up 0.9 %

Shares of AM stock opened at $16.87 on Wednesday. The stock has a market capitalization of $8.08 billion, a PE ratio of 20.33 and a beta of 2.32. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.19. The business has a 50-day moving average of $16.21 and a 200 day moving average of $15.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. As a group, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend 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.