Chung Wu Investment Group LLC Acquires Shares of 127,500 Antero Midstream Co. (NYSE:AM)

Chung Wu Investment Group LLC acquired a new position in shares of Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 127,500 shares of the pipeline company’s stock, valued at approximately $1,924,000. Antero Midstream makes up about 1.9% of Chung Wu Investment Group LLC’s portfolio, making the stock its 12th largest position.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in Antero Midstream by 121.9% in the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after acquiring an additional 600,208 shares in the last quarter. Jennison Associates LLC raised its holdings in Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after purchasing an additional 579,191 shares during the period. Columbus Macro LLC acquired a new stake in Antero Midstream in the 4th quarter valued at $6,977,000. Raymond James Financial Inc. purchased a new position in Antero Midstream in the 4th quarter valued at about $5,722,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock worth $10,338,000 after purchasing an additional 293,238 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of AM stock opened at $16.99 on Thursday. The firm has a fifty day moving average of $16.06 and a two-hundred day moving average of $15.41. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.19. The firm has a market cap of $8.13 billion, a P/E ratio of 20.47 and a beta of 2.31. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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%. As a group, research analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.30%. Antero Midstream’s dividend payout ratio is presently 108.43%.

Analyst Upgrades and Downgrades

AM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

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.