Nomura Holdings Inc. Invests $675,000 in Antero Midstream Co. (NYSE:AM)

Nomura Holdings Inc. acquired a new position in Antero Midstream Co. (NYSE:AM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 44,706 shares of the pipeline company’s stock, valued at approximately $675,000.

Several other hedge funds and other institutional investors have also modified their holdings of AM. TD Waterhouse Canada Inc. boosted its stake in Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after buying an additional 963 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Antero Midstream by 84.3% in the 4th 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 in the last quarter. Allworth Financial LP boosted its stake in shares of Antero Midstream by 17.8% in the 4th 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 in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Antero Midstream in the 4th quarter valued at $119,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Antero Midstream by 5,787.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 8,102 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Down 0.2%

Shares of NYSE:AM opened at $18.84 on Wednesday. The company’s fifty day moving average is $17.38 and its 200-day moving average is $16.35. 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 Co. has a 52 week low of $13.12 and a 52 week high of $19.04. The company has a market capitalization of $9.03 billion, a PE ratio of 22.70 and a beta of 0.99.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million during the quarter, compared to analysts’ expectations of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. Equities research analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.78%. Antero Midstream’s payout ratio is currently 103.45%.

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.