SVB Wealth LLC Purchases Shares of 19,172 Antero Midstream Co. (NYSE:AM)

SVB Wealth LLC purchased a new stake in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 19,172 shares of the pipeline company’s stock, valued at approximately $289,000.

Several other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in Antero Midstream by 5.8% during the 4th quarter. QRG Capital Management Inc. now owns 252,667 shares of the pipeline company’s stock valued at $3,813,000 after buying an additional 13,778 shares during the period. Versor Investments LP purchased a new stake in Antero Midstream during the 4th quarter valued at $684,000. Proficio Capital Partners LLC purchased a new stake in Antero Midstream during the 4th quarter valued at $486,000. Oppenheimer & Co. Inc. lifted its position in shares of Antero Midstream by 1.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 693,996 shares of the pipeline company’s stock worth $10,472,000 after purchasing an additional 7,063 shares during the period. Finally, Sprott Inc. bought a new stake in shares of Antero Midstream during the 4th quarter valued at about $249,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 1.4 %

Shares of AM opened at $16.99 on Thursday. The firm’s 50-day moving average price is $16.06 and its 200-day moving average price is $15.41. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 20.47 and a beta of 2.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.19.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 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%. Sell-side analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

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

Wall Street Analyst Weigh In

AM has been the topic of a number of research reports. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note 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 research note 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.