Guild Investment Management Inc. Takes Position in Antero Midstream Co. (NYSE:AM)

Guild Investment Management Inc. purchased a new position in shares of Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 124,800 shares of the pipeline company’s stock, valued at approximately $1,883,000. Antero Midstream accounts for approximately 2.0% of Guild Investment Management Inc.’s portfolio, making the stock its 20th biggest holding.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in Antero Midstream by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after acquiring an additional 34,222 shares during the period. JPMorgan Chase & Co. increased 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 worth $28,686,000 after buying an additional 203,967 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Antero Midstream in the fourth quarter worth $226,000. Empowered Funds LLC increased its position in 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 last quarter. Finally, Columbus Macro LLC purchased a new stake in Antero Midstream in the fourth quarter worth $6,977,000. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

Shares of NYSE AM opened at $16.87 on Wednesday. The stock has a market cap of $8.08 billion, a PE ratio of 20.33 and a beta of 2.32. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $17.19. 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 stock has a fifty day moving average of $16.21 and a 200-day moving average of $15.48.

Antero Midstream (NYSE:AM) last announced its quarterly 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%. Equities research analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced 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. This represents a $0.90 annualized dividend and a yield of 5.33%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of recent research reports. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Wells Fargo & Company raised their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th.

About Antero Midstream

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.