Wells Fargo & Company MN Invests $255,000 in Antero Midstr (AMGP) Stock
Wells Fargo & Company MN acquired a new position in Antero Midstr (NYSE:AMGP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,589 shares of the company’s stock, valued at approximately $255,000.
Other institutional investors have also made changes to their positions in the company. Botty Investors LLC purchased a new stake in Antero Midstr in the 2nd quarter worth about $101,000. JPMorgan Chase & Co. acquired a new position in Antero Midstr in the 2nd quarter worth about $462,000. Neuberger Berman Group LLC acquired a new position in Antero Midstr in the 2nd quarter worth about $497,000. State of New Jersey Common Pension Fund D acquired a new position in Antero Midstr in the 2nd quarter worth about $1,649,000. Finally, Sei Investments Co. acquired a new position in Antero Midstr in the 2nd quarter worth about $1,658,000. 61.36% of the stock is owned by hedge funds and other institutional investors.
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Shares of Antero Midstr (NYSE:AMGP) opened at $17.24 on Monday. Antero Midstr has a fifty-two week low of $16.62 and a fifty-two week high of $22.87.
Antero Midstr (NYSE:AMGP) last released its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The business had revenue of $19.07 million during the quarter, compared to analyst estimates of $19.44 million. Antero Midstr had a net margin of 4.41% and a return on equity of 17.95%. analysts forecast that Antero Midstr will post 0.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st will be issued a $0.059 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Antero Midstr’s previous quarterly dividend of $0.03.
AMGP has been the topic of several research reports. Stifel Nicolaus set a $24.00 target price on Antero Midstr and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Antero Midstr from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstr in a research report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) lowered Antero Midstr from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $29.00 to $23.00 in a research report on Friday, September 8th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $24.00 target price on shares of Antero Midstr in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $26.25.
About Antero Midstr
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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