Geode Capital Management LLC increased its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,106,502 shares of the pipeline company's stock after buying an additional 25,001 shares during the quarter. Geode Capital Management LLC owned 1.27% of Antero Midstream worth $92,174,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of AM. Financial Management Professionals Inc. boosted its holdings in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. grew its holdings in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after purchasing an additional 2,612 shares during the period. Allworth Financial LP raised its holdings 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 purchasing an additional 951 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 1,962 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Antero Midstream in the 4th quarter valued at $119,000. 53.97% of the stock is currently owned by institutional investors.
Antero Midstream Price Performance
AM traded up $0.23 during trading on Wednesday, hitting $16.96. 347,398 shares of the stock traded hands, compared to its average volume of 2,926,582. The business has a 50 day moving average price of $16.86 and a 200 day moving average price of $15.93. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 20.40 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Equities research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.
Antero Midstream Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.31%. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.
Analyst Ratings Changes
A number of analysts recently issued reports on AM shares. Wells Fargo & Company increased their target price 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 research note on Thursday, April 3rd.
Get Our Latest Stock Report on Antero Midstream
Antero Midstream Company Profile
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Free Report)
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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