Walled Lake Planning & Wealth Management LLC Lowers Stock Holdings in Antero Midstream Co. (NYSE:AM)

Walled Lake Planning & Wealth Management LLC lessened its holdings in shares of Antero Midstream Co. (NYSE:AM) by 10.0% during the fourth quarter, HoldingsChannel reports. The firm owned 15,098 shares of the pipeline company’s stock after selling 1,677 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in Antero Midstream were worth $228,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. grew its stake in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after buying an additional 1,000 shares during the period. Brooklyn Investment Group purchased a new stake in Antero Midstream during the third quarter valued at about $48,000. Blue Trust Inc. increased its stake in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after acquiring an additional 2,612 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after purchasing an additional 951 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 1,962 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price 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 downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th.

Antero Midstream Price Performance

AM opened at $17.95 on Friday. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.30. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 21.62 and a beta of 2.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a fifty day simple moving average of $16.69 and a 200 day simple moving average of $15.76.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.02%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is currently 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.