Elo Mutual Pension Insurance Co Invests $220,000 in Antero Midstream Co. (NYSE:AM)

Elo Mutual Pension Insurance Co bought a new stake in Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,561 shares of the pipeline company's stock, valued at approximately $220,000.

Other large investors have also modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of Antero Midstream during the fourth quarter worth $172,000. Barnett & Company Inc. grew its stake in Antero Midstream by 4.8% during the 4th quarter. Barnett & Company Inc. now owns 89,800 shares of the pipeline company's stock worth $1,355,000 after buying an additional 4,100 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Antero Midstream by 0.3% during the fourth 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 period. LPL Financial LLC grew its position in shares of Antero Midstream by 1.5% during the fourth quarter. LPL Financial LLC now owns 318,777 shares of the pipeline company's stock worth $4,810,000 after acquiring an additional 4,710 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Antero Midstream in the 4th quarter valued at about $1,385,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

Shares of AM traded down $1.62 during trading hours on Friday, hitting $16.36. 3,443,734 shares of the company were exchanged, compared to its average volume of 2,848,927. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $7.83 billion, a PE ratio of 19.90 and a beta of 2.33. The firm has a fifty day simple moving average of $16.82 and a 200-day simple moving average of $15.85.

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Antero Midstream (NYSE:AM - Get Free Report) last posted its 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%. As a group, sell-side analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 yield of 5.50%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend payout ratio is 108.43%.

Analyst Ratings Changes

AM has been the subject of several research analyst reports. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company increased their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

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.