Legal & General Group Plc Has $8.43 Million Position in Antero Midstream Co. (NYSE:AM)

Legal & General Group Plc lowered its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 558,942 shares of the pipeline company's stock after selling 46,327 shares during the period. Legal & General Group Plc owned 0.12% of Antero Midstream worth $8,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AM. Financial Management Professionals Inc. increased its stake in 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 acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. raised its holdings in Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares during the period. Allworth Financial LP lifted its position in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after buying an additional 951 shares in the last quarter. GAMMA Investing LLC grew its stake in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after buying an additional 1,962 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Antero Midstream in the 4th quarter valued at $119,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. 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 research report on Tuesday, February 18th.

Antero Midstream Stock Up 1.6 %

Shares of NYSE AM traded up $0.28 during midday trading on Thursday, reaching $16.95. 480,153 shares of the company's stock were exchanged, compared to its average volume of 2,936,227. The stock has a market capitalization of $8.11 billion, a PE ratio of 20.39 and a beta of 1.99. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week 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 business's fifty day moving average price is $16.93 and its two-hundred day moving average price is $15.99.

Antero Midstream (NYSE:AM - Get Free Report) last posted 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%. Analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.225 per share. 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 5.31%. 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.