Antero Midstream Co. (NYSE:AM) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC cut its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364,907 shares of the pipeline company's stock after selling 21,720 shares during the period. Evergreen Capital Management LLC owned 0.08% of Antero Midstream worth $5,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AM. Vanguard Group Inc. raised its stake in shares of Antero Midstream by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock worth $541,250,000 after purchasing an additional 96,788 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Antero Midstream by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock worth $92,174,000 after acquiring an additional 25,001 shares during the period. Norges Bank purchased a new stake in shares of Antero Midstream in the fourth quarter valued at about $62,578,000. Charles Schwab Investment Management Inc. increased its stake in shares of Antero Midstream by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock worth $57,769,000 after acquiring an additional 37,787 shares during the period. Finally, Cinctive Capital Management LP lifted its position in Antero Midstream by 15.7% in the fourth quarter. Cinctive Capital Management LP now owns 2,488,840 shares of the pipeline company's stock valued at $37,557,000 after purchasing an additional 337,330 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

Shares of NYSE:AM traded up $0.19 during trading on Tuesday, hitting $16.68. 632,869 shares of the stock were exchanged, compared to its average volume of 3,592,120. The company has a fifty day moving average price of $16.93 and a two-hundred day moving average price of $15.98. The company has a market cap of $7.98 billion, a PE ratio of 20.09 and a beta of 1.99. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

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

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.40%. Antero Midstream's dividend payout ratio (DPR) is 108.43%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AM. Wells Fargo & Company boosted 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. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

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.