JPMorgan Chase & Co. Trims Position in Antero Midstream Co. (NYSE:AM)

JPMorgan Chase & Co. lessened its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,339,044 shares of the pipeline company's stock after selling 567,008 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Antero Midstream worth $20,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AM. Financial Management Professionals Inc. lifted its stake in shares of Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. boosted its holdings in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after buying an additional 2,612 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after acquiring an additional 1,962 shares in the last quarter. Allworth Financial LP lifted its position in shares of 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 during the period. Finally, Harvest Fund Management Co. Ltd boosted its stake in Antero Midstream by 5,787.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after acquiring an additional 8,102 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AM. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company upped their target price 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.

Antero Midstream Price Performance

Shares of AM stock traded up $0.26 during trading hours on Wednesday, reaching $16.99. The stock had a trading volume of 217,033 shares, compared to its average volume of 2,926,147. 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 12 month low of $13.12 and a 12 month high of $18.49. The firm has a market capitalization of $8.13 billion, a PE ratio of 20.45 and a beta of 1.99. The stock's fifty day simple moving average is $16.86 and its 200 day simple moving average is $15.93.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 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%. On average, equities research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.30%. Antero Midstream's dividend payout ratio 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.