KLP Kapitalforvaltning AS Purchases Shares of 91,800 Antero Midstream Co. (NYSE:AM)

KLP Kapitalforvaltning AS acquired a new position in Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 91,800 shares of the pipeline company's stock, valued at approximately $1,385,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Management Professionals Inc. lifted its holdings in Antero Midstream by 58.6% during the 4th 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 in the last quarter. Brooklyn Investment Group bought a new stake in shares of Antero Midstream during the third quarter worth $48,000. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 2,612 shares during the period. GAMMA Investing LLC boosted its holdings in Antero Midstream by 44.5% in the fourth 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 during the last quarter. Finally, Allworth Financial LP boosted 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 valued at $104,000 after acquiring an additional 951 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AM. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday. Wells Fargo & Company increased their price objective 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.

Antero Midstream Trading Down 2.6 %

Shares of Antero Midstream stock traded down $0.49 during trading on Thursday, reaching $17.98. 3,612,927 shares of the company were exchanged, compared to its average volume of 2,846,033. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The business has a 50-day moving average price of $16.82 and a 200-day moving average price of $15.85. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 21.66 and a beta of 2.33.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Sell-side analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. 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 5.01%. Antero Midstream's dividend payout ratio is 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.