Antero Midstream Co. (NYSE:AM) Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,813 shares of the pipeline company's stock after buying an additional 39,340 shares during the quarter. Franklin Resources Inc. owned 0.05% of Antero Midstream worth $3,800,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 valued at $541,250,000 after purchasing an additional 96,788 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 period. Geode Capital Management LLC grew its position in shares of Antero Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock valued at $91,549,000 after buying an additional 251,987 shares during the last quarter. Norges Bank bought a new position in Antero Midstream in the fourth quarter worth about $62,578,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Antero Midstream by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock valued at $57,769,000 after acquiring an additional 37,787 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on AM shares. Wells Fargo & Company raised their price target 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 raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Price Performance

AM stock traded up $0.32 during trading on Thursday, hitting $17.18. The company had a trading volume of 503,452 shares, compared to its average volume of 2,927,950. The business has a 50 day moving average of $16.87 and a 200 day moving average of $15.94. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 20.72 and a beta of 1.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.49.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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, research 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 declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.

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.