Antero Midstream Co. (NYSE:AM) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its position in Antero Midstream Co. (NYSE:AM) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,358 shares of the pipeline company’s stock after selling 10,096 shares during the period. Atria Wealth Solutions Inc.’s holdings in Antero Midstream were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC raised its holdings in Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after buying an additional 600,208 shares during the period. Jennison Associates LLC grew its position in Antero Midstream by 128.0% in the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after acquiring an additional 579,191 shares in the last quarter. Columbus Macro LLC bought a new stake in Antero Midstream in the fourth quarter worth $6,977,000. Oppenheimer & Co. Inc. increased its holdings in shares of Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after acquiring an additional 293,238 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Trading Down 0.6 %

NYSE:AM opened at $16.22 on Friday. The business’s 50-day moving average price is $15.95 and its two-hundred day moving average price is $15.34. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $16.99. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.54 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 (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 return on equity of 18.82% and a net margin of 36.24%. On average, equities analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.55%. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company raised their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream 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.