Invesco Ltd. trimmed its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,044,799 shares of the pipeline company's stock after selling 222,854 shares during the period. Invesco Ltd. owned 6.24% of Antero Midstream worth $453,376,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of AM. Financial Management Professionals Inc. boosted its position in shares of Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after buying an additional 1,000 shares during the period. Blue Trust Inc. raised its stake in Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after acquiring an additional 2,612 shares in the last quarter. Allworth Financial LP raised its stake in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after acquiring an additional 951 shares in the last quarter. GAMMA Investing LLC boosted its position in Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after acquiring an additional 1,962 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Antero Midstream in the fourth quarter worth $119,000. Institutional investors own 53.97% of the company's stock.
Wall Street Analysts Forecast Growth
AM has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective 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 upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.
Check Out Our Latest Stock Analysis on AM
Antero Midstream Price Performance
Shares of AM stock traded up $0.34 during mid-day trading on Monday, hitting $16.46. 561,144 shares of the stock traded hands, compared to its average volume of 2,928,276. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company's 50-day simple moving average is $16.84 and its 200-day simple moving average is $15.92. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 19.83 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 (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%. As a group, equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.
Antero Midstream Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's payout ratio is 108.43%.
Antero Midstream 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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