Van ECK Associates Corp Has $1.05 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

Van ECK Associates Corp lessened its stake in shares of Antero Midstream Co. (NYSE:AM) by 60.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,347 shares of the pipeline company’s stock after selling 103,919 shares during the quarter. Van ECK Associates Corp’s holdings in Antero Midstream were worth $1,046,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Antero Midstream by 10.5% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its stake in Antero Midstream by 12.0% in the 3rd 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 in the last quarter. Creative Planning raised its stake in Antero Midstream by 43.5% in the 3rd quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock worth $1,642,000 after purchasing an additional 33,054 shares in the last quarter. Columbus Macro LLC acquired a new stake in Antero Midstream in the 4th quarter worth about $6,977,000. Finally, Empowered Funds LLC raised its stake in Antero Midstream by 4.3% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $16.27 on Friday. The firm has a 50 day moving average of $15.83 and a 200-day moving average of $15.28. The stock has a market capitalization of $7.78 billion, a PE ratio of 19.60 and a beta of 2.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 12 month low of $12.78 and a 12 month high of $16.99.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. On average, equities research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.44%.

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.