Corebridge Financial Inc. Sells 17,172 Shares of Antero Midstream Co. (NYSE:AM)

Corebridge Financial Inc. lessened its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 382,743 shares of the pipeline company's stock after selling 17,172 shares during the period. Corebridge Financial Inc. owned about 0.08% of Antero Midstream worth $5,776,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Antero Midstream by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company's stock worth $57,047,000 after buying an additional 22,936 shares during the period. Citigroup Inc. lifted its stake in shares of Antero Midstream by 1.2% in the third quarter. Citigroup Inc. now owns 670,894 shares of the pipeline company's stock worth $10,097,000 after acquiring an additional 7,790 shares during the period. Cerity Partners LLC boosted its holdings in Antero Midstream by 26.2% in the third quarter. Cerity Partners LLC now owns 39,842 shares of the pipeline company's stock valued at $600,000 after acquiring an additional 8,271 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Antero Midstream by 19.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 26,721 shares of the pipeline company's stock valued at $403,000 after acquiring an additional 4,316 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Antero Midstream by 40.4% during the 3rd quarter. Bank of Montreal Can now owns 415,763 shares of the pipeline company's stock worth $6,241,000 after purchasing an additional 119,633 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Down 2.6 %

Shares of NYSE:AM traded down $0.49 during mid-day trading on Thursday, hitting $17.98. The company had a trading volume of 3,612,927 shares, compared to its average volume of 2,846,033. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The firm has a fifty day moving average price of $16.82 and a 200 day moving average price of $15.85. The company has a market capitalization of $8.60 billion, a PE ratio of 21.66 and a beta of 2.33.

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 the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.01%. Antero Midstream's payout ratio is currently 108.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company boosted their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

Antero Midstream 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.