Securian Asset Management Inc. Sells 725 Shares of Antero Midstream Co. (NYSE:AM)

Securian Asset Management Inc. cut its position in Antero Midstream Co. (NYSE:AM) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,471 shares of the pipeline company’s stock after selling 725 shares during the quarter. Securian Asset Management Inc.’s holdings in Antero Midstream were worth $384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Antero Midstream by 5,845.4% during the 4th quarter. Farther Finance Advisors LLC now owns 118,195 shares of the pipeline company’s stock valued at $1,784,000 after purchasing an additional 116,207 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Antero Midstream by 4.5% during the 4th quarter. HighTower Advisors LLC now owns 52,346 shares of the pipeline company’s stock valued at $790,000 after purchasing an additional 2,244 shares during the last quarter. Guild Investment Management Inc. acquired a new stake in Antero Midstream during the 4th quarter valued at $1,883,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Antero Midstream by 5.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,584 shares of the pipeline company’s stock valued at $1,488,000 after purchasing an additional 5,155 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Antero Midstream during the 4th quarter valued at $1,940,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Down 0.0 %

AM opened at $17.43 on Wednesday. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $17.63. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $8.34 billion, a P/E ratio of 20.99 and a beta of 2.33. The stock has a fifty day moving average of $16.38 and a 200-day moving average of $15.57.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 EPS for the current 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 given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is currently 108.43%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AM. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company lifted their target price on 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.