California Public Employees Retirement System Decreases Stock Position in Antero Midstream Co. (NYSE:AM)

California Public Employees Retirement System decreased its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 573,852 shares of the pipeline company's stock after selling 28,164 shares during the period. California Public Employees Retirement System owned 0.12% of Antero Midstream worth $8,659,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Guild Investment Management Inc. bought a new position in shares of Antero Midstream in the fourth quarter worth $1,883,000. JPMorgan Chase & Co. boosted its stake in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after buying an additional 203,967 shares during the period. Commonwealth Equity Services LLC grew its position in Antero Midstream by 45.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after buying an additional 39,048 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Antero Midstream in the 4th quarter worth about $226,000. Finally, Empowered Funds LLC raised its holdings in shares of Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after acquiring an additional 1,751 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

AM traded up $0.20 during trading on Friday, reaching $16.08. The stock had a trading volume of 3,532,263 shares, compared to its average volume of 2,934,224. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50-day moving average of $16.84 and a 200-day moving average of $15.91. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The stock has a market cap of $7.69 billion, a PE ratio of 19.37 and a beta of 1.99.

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%. As a group, equities research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.

Analyst Upgrades and Downgrades

AM has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on 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.