Antero Midstream Co. (NYSE:AM) Position Lessened by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 55.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,971 shares of the pipeline company's stock after selling 230,792 shares during the quarter. Bank of Montreal Can's holdings in Antero Midstream were worth $2,791,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AM. Vanguard Group Inc. raised its holdings in Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after acquiring an additional 96,788 shares during the last quarter. Geode Capital Management LLC lifted its position in Antero Midstream by 0.4% during 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 in the last quarter. Norges Bank acquired a new stake in Antero Midstream in the fourth quarter valued at approximately $62,578,000. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 37,787 shares in the last quarter. Finally, Cinctive Capital Management LP boosted its stake in shares of 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. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Price Performance

Shares of Antero Midstream stock traded down $0.39 on Monday, hitting $16.80. The company had a trading volume of 181,098 shares, compared to its average volume of 2,939,534. The company has a market cap of $8.04 billion, a PE ratio of 20.25 and a beta of 1.99. 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 52 week low of $13.12 and a 52 week high of $18.49. The business has a 50-day simple moving average of $16.91 and a 200-day simple moving average of $15.97.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) 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%. Research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.36%. Antero Midstream's dividend payout ratio is currently 108.43%.

Analysts Set New Price Targets

A number of equities analysts have commented on AM shares. Wells Fargo & Company boosted 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. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report 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.