Intech Investment Management LLC boosted its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 153.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,957 shares of the pipeline company's stock after acquiring an additional 141,689 shares during the period. Intech Investment Management LLC's holdings in Antero Midstream were worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in AM. Advisors Asset Management Inc. raised its position in shares of Antero Midstream by 22.4% in the 4th quarter. Advisors Asset Management Inc. now owns 439,387 shares of the pipeline company's stock worth $6,630,000 after acquiring an additional 80,459 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Antero Midstream by 79.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 142,174 shares of the pipeline company's stock worth $2,146,000 after purchasing an additional 63,029 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Antero Midstream by 15.7% during the fourth quarter. Natixis Advisors LLC now owns 110,411 shares of the pipeline company's stock valued at $1,666,000 after buying an additional 14,971 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Antero Midstream by 87.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 98,046 shares of the pipeline company's stock worth $1,480,000 after buying an additional 45,625 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Antero Midstream by 45.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after acquiring an additional 39,048 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.
Analysts Set New Price Targets
AM has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th.
Get Our Latest Research Report on AM
Antero Midstream Stock Performance
Shares of NYSE AM traded up $0.19 during midday trading on Monday, reaching $17.99. The company had a trading volume of 3,823,549 shares, compared to its average volume of 2,697,474. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.10. The business's 50-day simple moving average is $16.51 and its 200 day simple moving average is $15.64. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock has a market cap of $8.61 billion, a P/E ratio of 21.67 and a beta of 2.33.
Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS 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%. On average, analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.
Antero Midstream Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.00%. Antero Midstream's payout ratio is currently 108.43%.
About Antero Midstream
(
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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