HUB Investment Partners LLC Purchases 8,095 Shares of Antero Midstream Co. (NYSE:AM)

HUB Investment Partners LLC increased its position in Antero Midstream Co. (NYSE:AM) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,465 shares of the pipeline company’s stock after acquiring an additional 8,095 shares during the quarter. HUB Investment Partners LLC’s holdings in Antero Midstream were worth $912,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. boosted its position in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Brooklyn Investment Group bought a new stake in Antero Midstream during the third quarter valued at approximately $48,000. Blue Trust Inc. lifted its position in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares during the last quarter. Allworth Financial LP lifted its position in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after purchasing an additional 951 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after purchasing an additional 1,962 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Antero Midstream Trading Up 0.3 %

AM stock opened at $17.77 on Friday. The company has a market capitalization of $8.50 billion, a PE ratio of 21.40 and a beta of 2.33. Antero Midstream Co. has a one year low of $13.12 and a one year high of $17.82. The company’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $15.60. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS 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, analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Antero Midstream Company 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.