Antero Midstream Co. (NYSE:AM) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 98.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,111 shares of the pipeline company's stock after selling 870,272 shares during the period. Great Lakes Advisors LLC's holdings in Antero Midstream were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atria Investments Inc purchased a new stake in shares of Antero Midstream during the third quarter valued at $337,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Antero Midstream by 4.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 134,298 shares of the pipeline company's stock valued at $2,021,000 after buying an additional 5,231 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Antero Midstream during the third quarter valued at $217,000. Victory Capital Management Inc. grew its holdings in shares of Antero Midstream by 30.9% during the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company's stock valued at $2,035,000 after buying an additional 31,915 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Antero Midstream by 36.2% in the third quarter. KBC Group NV now owns 13,017 shares of the pipeline company's stock valued at $196,000 after purchasing an additional 3,460 shares during the last quarter. Institutional investors own 53.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AM shares. Wells Fargo & Company upped their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a report on Saturday, March 15th.

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Antero Midstream Price Performance

Shares of Antero Midstream stock traded up $0.05 during trading hours on Thursday, reaching $17.77. The stock had a trading volume of 2,335,614 shares, compared to its average volume of 3,193,571. The stock's 50 day moving average is $16.42 and its 200 day moving average is $15.59. The firm has a market capitalization of $8.50 billion, a PE ratio of 21.40 and a beta of 2.33. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $17.82. 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 (NYSE:AM - Get Free Report) last issued 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 analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.07%. Antero Midstream's dividend payout ratio (DPR) is currently 108.43%.

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.