Brandywine Global Investment Management LLC Grows Holdings in Antero Midstream Co. (NYSE:AM)

Brandywine Global Investment Management LLC grew its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 36.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 692,373 shares of the pipeline company's stock after purchasing an additional 186,693 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.14% of Antero Midstream worth $10,448,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Antero Midstream during the 4th quarter valued at about $62,578,000. FMR LLC grew its holdings in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock valued at $16,446,000 after buying an additional 600,208 shares during the last quarter. Jennison Associates LLC increased its position in shares of Antero Midstream by 128.0% during the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after acquiring an additional 579,191 shares in the last quarter. Columbus Macro LLC purchased a new position in Antero Midstream in the 4th quarter worth approximately $6,977,000. Finally, Raymond James Financial Inc. bought a new position in Antero Midstream in the 4th quarter valued at approximately $5,722,000. 53.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday. 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.

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Antero Midstream Stock Performance

AM stock traded down $1.60 on Friday, hitting $16.37. The company had a trading volume of 4,340,062 shares, compared to its average volume of 2,852,659. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 19.67 and a beta of 2.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock's 50-day simple moving average is $16.82 and its 200 day simple moving average is $15.85. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49.

Antero Midstream (NYSE:AM - Get Free Report) last issued 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 return on equity of 18.82% and a net margin of 36.24%. As a group, equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's payout ratio is 108.43%.

About Antero Midstream

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.