CANADA LIFE ASSURANCE Co Sells 15,704 Shares of Antero Midstream Co. (NYSE:AM)

CANADA LIFE ASSURANCE Co decreased its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,557 shares of the pipeline company's stock after selling 15,704 shares during the period. CANADA LIFE ASSURANCE Co owned 0.09% of Antero Midstream worth $6,690,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its position in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. raised its holdings in Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares during the period. Allworth Financial LP lifted its position in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after buying an additional 951 shares during the last quarter. GAMMA Investing LLC boosted its stake in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after buying an additional 1,962 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in Antero Midstream during the fourth quarter worth $119,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

AM stock opened at $16.72 on Wednesday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 20.15 and a beta of 1.99. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The business's fifty day simple moving average is $16.93 and its two-hundred day simple moving average is $15.98.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results 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%. Analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed 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 is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 5.38%. Antero Midstream's dividend payout ratio (DPR) is currently 108.43%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AM. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.

Antero Midstream Company 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.

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