New Age Alpha Advisors LLC Invests $431,000 in Antero Midstream Co. (NYSE:AM)

New Age Alpha Advisors LLC bought a new position in Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,532 shares of the pipeline company’s stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guild Investment Management Inc. acquired a new stake in shares of Antero Midstream in the fourth quarter worth $1,883,000. JPMorgan Chase & Co. raised its position in Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after purchasing an additional 203,967 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Antero Midstream during the fourth quarter worth about $226,000. Empowered Funds LLC boosted its position in shares of Antero Midstream by 4.3% in the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after buying an additional 1,751 shares during the period. Finally, Columbus Macro LLC acquired a new stake in shares of Antero Midstream in the fourth quarter valued at about $6,977,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AM. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Wells Fargo & Company upped 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 Up 1.4 %

Shares of NYSE AM opened at $18.26 on Wednesday. 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 1 year low of $13.12 and a 1 year high of $18.41. The stock’s 50-day simple moving average is $16.75 and its 200-day simple moving average is $15.81. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 21.99 and a beta of 2.33.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 4.93%. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

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.