Frank Rimerman Advisors LLC Acquires 45,625 Shares of Antero Midstream Co. (NYSE:AM)

Frank Rimerman Advisors LLC increased its holdings in shares of Antero Midstream Co. (NYSE:AM) by 87.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,046 shares of the pipeline company’s stock after purchasing an additional 45,625 shares during the period. Frank Rimerman Advisors LLC’s holdings in Antero Midstream were worth $1,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AM. Financial Management Professionals Inc. boosted its stake in Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares during the period. Brooklyn Investment Group bought a new position in shares of Antero Midstream during the third quarter worth about $48,000. Blue Trust Inc. raised its position in 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 buying an additional 2,612 shares during the last quarter. GAMMA Investing LLC lifted its stake in Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 1,962 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after acquiring an additional 951 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Up 0.5 %

NYSE:AM opened at $17.01 on Friday. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 20.49 and a beta of 2.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $17.19. The stock’s 50 day moving average price is $16.30 and its two-hundred day moving average price is $15.53.

Antero Midstream (NYSE:AM) last posted 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%. Equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is currently 108.43%.

Analyst Ratings Changes

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

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.