Western Wealth Management LLC Has $255,000 Holdings in Antero Midstream Co. (NYSE:AM)

Western Wealth Management LLC lifted its position in Antero Midstream Co. (NYSE:AM) by 25.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,332 shares of the pipeline company’s stock after purchasing an additional 4,089 shares during the quarter. Western Wealth Management LLC’s holdings in Antero Midstream were worth $255,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AM. Federated Hermes Inc. grew its position in Antero Midstream by 22.3% in the fourth quarter. Federated Hermes Inc. now owns 51,532 shares of the pipeline company’s stock valued at $646,000 after acquiring an additional 9,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Antero Midstream by 19.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,671 shares of the pipeline company’s stock valued at $1,261,000 after acquiring an additional 16,479 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Antero Midstream by 146.9% in the fourth quarter. Mackenzie Financial Corp now owns 144,627 shares of the pipeline company’s stock valued at $1,812,000 after acquiring an additional 86,048 shares during the last quarter. Phocas Financial Corp. boosted its holdings in Antero Midstream by 2.4% in the fourth quarter. Phocas Financial Corp. now owns 309,799 shares of the pipeline company’s stock valued at $3,882,000 after acquiring an additional 7,292 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in Antero Midstream in the fourth quarter valued at about $1,199,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Up 0.6 %

AM stock opened at $14.01 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a twelve month low of $9.69 and a twelve month high of $14.52. The business has a 50 day moving average price of $13.54 and a two-hundred day moving average price of $12.88. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 18.19 and a beta of 2.25.

Antero Midstream (NYSE:AM) last issued its earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $261.04 million. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. Analysts anticipate that Antero Midstream Co. will post 0.98 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.43%. Antero Midstream’s payout ratio is currently 116.88%.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the transaction, the insider now directly owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and increased their target price for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Antero Midstream presently has a consensus rating of “Hold” and an average price target of $12.70.

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.