Antero Midstream Co. (NYSE:AM) Position Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 439,387 shares of the pipeline company's stock after purchasing an additional 80,459 shares during the quarter. Advisors Asset Management Inc. owned 0.09% of Antero Midstream worth $6,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AM. Guild Investment Management Inc. purchased a new position in shares of Antero Midstream during the 4th quarter valued at approximately $1,883,000. JPMorgan Chase & Co. boosted its stake in Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after acquiring an additional 203,967 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Antero Midstream during the 4th quarter worth $226,000. Empowered Funds LLC increased its position in shares of Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Columbus Macro LLC acquired a new stake in shares of Antero Midstream in the 4th quarter valued at about $6,977,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AM has been the subject of several research analyst reports. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Wells Fargo & Company lifted 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.

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Antero Midstream Stock Performance

Shares of NYSE AM traded up $0.01 during midday trading on Friday, hitting $17.79. The company's stock had a trading volume of 26,101,162 shares, compared to its average volume of 2,692,957. 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 1-year low of $13.12 and a 1-year high of $17.98. The firm's fifty day moving average price is $16.51 and its 200-day moving average price is $15.63. The firm has a market cap of $8.51 billion, a P/E ratio of 21.43 and a beta of 2.33.

Antero Midstream (NYSE:AM - Get Free Report) last issued 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 net margin of 36.24% and a return on equity of 18.82%. On average, sell-side analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream's dividend payout ratio is presently 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.