Brandywine Global Investment Management LLC Buys 186,693 Shares of Antero Midstream Co. (NYSE:AM)

Brandywine Global Investment Management LLC lifted its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 692,373 shares of the pipeline company's stock after acquiring an additional 186,693 shares during the quarter. Brandywine Global Investment Management LLC owned 0.14% of Antero Midstream worth $10,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AM. Cerity Partners LLC grew its holdings in shares of Antero Midstream by 26.2% in the third quarter. Cerity Partners LLC now owns 39,842 shares of the pipeline company's stock worth $600,000 after acquiring an additional 8,271 shares during the period. Bank of Montreal Can grew its stake in shares of Antero Midstream by 40.4% during the 3rd quarter. Bank of Montreal Can now owns 415,763 shares of the pipeline company's stock valued at $6,241,000 after purchasing an additional 119,633 shares during the period. FMR LLC increased its position in shares of Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock valued at $16,446,000 after purchasing an additional 600,208 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Antero Midstream by 33.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 79,472 shares of the pipeline company's stock worth $1,196,000 after purchasing an additional 20,124 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Antero Midstream by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 870,034 shares of the pipeline company's stock worth $13,094,000 after buying an additional 7,913 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Performance

Antero Midstream stock traded down $1.63 during midday trading on Friday, hitting $16.35. The stock had a trading volume of 5,803,691 shares, compared to its average volume of 2,868,503. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.49. The company has a market capitalization of $7.82 billion, a PE ratio of 19.69 and a beta of 1.99. The firm's fifty day moving average is $16.82 and its two-hundred day moving average is $15.86. 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 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 net margin of 36.24% and a return on equity of 18.82%. On average, research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream's dividend payout ratio is currently 108.43%.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company raised their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report 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.