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

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

Several other institutional investors and hedge funds have also modified their holdings of AM. Vanguard Group Inc. boosted its position in Antero Midstream by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock worth $541,250,000 after purchasing an additional 96,788 shares during the period. State Street Corp grew its stake in Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company's stock valued at $166,856,000 after buying an additional 160,593 shares during the last quarter. Geode Capital Management LLC raised its holdings in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock worth $91,549,000 after acquiring an additional 251,987 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Antero Midstream by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock worth $57,769,000 after acquiring an additional 37,787 shares during the period. Finally, American Century Companies Inc. lifted its position in Antero Midstream by 3.7% during the 4th quarter. American Century Companies Inc. now owns 2,085,697 shares of the pipeline company's stock worth $31,473,000 after acquiring an additional 73,496 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Performance

Antero Midstream stock traded down $1.63 during mid-day trading on Friday, reaching $16.35. The company had a trading volume of 5,803,691 shares, compared to its average volume of 2,868,503. The company has a 50 day moving average of $16.82 and a 200-day moving average of $15.86. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week 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 firm has a market cap of $7.82 billion, a price-to-earnings ratio of 19.69 and a beta of 1.99.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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, sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued 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 was Wednesday, January 29th. Antero Midstream's payout ratio is presently 108.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AM shares. Wells Fargo & Company lifted their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday.

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.