Amundi lowered its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 94.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,908 shares of the pipeline company's stock after selling 60,743 shares during the period. Amundi's holdings in Antero Midstream were worth $61,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in AM. Atria Investments Inc purchased a new position in shares of Antero Midstream in the 3rd quarter valued at about $337,000. Victory Capital Management Inc. lifted its stake in Antero Midstream by 30.9% in the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company's stock worth $2,035,000 after acquiring an additional 31,915 shares during the last quarter. Empowered Funds LLC grew its holdings in Antero Midstream by 89.1% during the 3rd quarter. Empowered Funds LLC now owns 40,388 shares of the pipeline company's stock worth $608,000 after acquiring an additional 19,027 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Antero Midstream by 89.2% during the third quarter. Natixis Advisors LLC now owns 95,440 shares of the pipeline company's stock worth $1,436,000 after purchasing an additional 44,993 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its position in shares of Antero Midstream by 8.7% during the 3rd quarter. Pathstone Holdings LLC now owns 164,178 shares of the pipeline company's stock worth $2,471,000 after acquiring an additional 13,176 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. StockNews.com downgraded Antero Midstream from a "buy" rating to a "hold" rating in a research note 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 research report on Tuesday, February 18th.
Read Our Latest Stock Report on AM
Antero Midstream Price Performance
Shares of Antero Midstream stock traded down $0.03 during trading on Wednesday, reaching $18.01. The company's stock had a trading volume of 3,556,250 shares, compared to its average volume of 2,707,021. The business has a 50 day moving average price of $16.59 and a 200-day moving average price of $15.69. The company has a market capitalization of $8.62 billion, a P/E ratio of 21.70 and a beta of 2.33. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.30.
Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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%. As a group, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current 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 issued a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.00%. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.
Antero Midstream Company Profile
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Free Report)
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.
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