Connor Clark & Lunn Investment Management Ltd. Cuts Stock Holdings in Antero Midstream Co. (NYSE:AM)

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Antero Midstream Co. (NYSE:AM) by 35.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 240,923 shares of the pipeline company’s stock after selling 131,310 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Antero Midstream worth $3,636,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. boosted its holdings in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Antero Midstream in the 3rd quarter worth about $48,000. Blue Trust Inc. lifted its stake in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 1,962 shares during the period. Finally, Allworth Financial LP increased its position in Antero Midstream by 17.8% during 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 in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on AM. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday.

Antero Midstream Stock Performance

Shares of NYSE:AM opened at $17.45 on Tuesday. The business’s 50-day simple moving average is $16.34 and its 200 day simple moving average is $15.55. The company has a market cap of $8.35 billion, a P/E ratio of 21.02 and a beta of 2.33. 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 one year low of $13.12 and a one year high of $17.47.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. On average, sell-side analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. 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 5.16%. Antero Midstream’s payout ratio is currently 108.43%.

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.