American Century Companies Inc. Buys 73,496 Shares of Antero Midstream Co. (NYSE:AM)

American Century Companies Inc. increased its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,085,697 shares of the pipeline company's stock after purchasing an additional 73,496 shares during the period. American Century Companies Inc. owned about 0.43% of Antero Midstream worth $31,473,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Guild Investment Management Inc. acquired a new position in Antero Midstream during the fourth quarter valued at approximately $1,883,000. JPMorgan Chase & Co. lifted its position in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after acquiring an additional 203,967 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Antero Midstream in the 4th quarter worth about $226,000. Empowered Funds LLC increased its holdings in Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after buying an additional 1,751 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Antero Midstream by 45.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock valued at $1,882,000 after buying an additional 39,048 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Performance

Antero Midstream stock traded up $0.21 during mid-day trading on Wednesday, reaching $18.48. 2,139,747 shares of the company's stock were exchanged, compared to its average volume of 2,839,977. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $8.84 billion, a PE ratio of 22.27 and a beta of 2.33. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The business's fifty day simple moving average is $16.79 and its 200 day simple moving average is $15.83.

Antero Midstream (NYSE:AM - Get Free Report) last released 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%. On average, sell-side analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.87%. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.

Analyst Ratings Changes

A number of research firms have weighed in on AM. StockNews.com downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th.

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.