MetLife Investment Management LLC Grows Position in Antero Midstream Co. (NYSE:AM)

MetLife Investment Management LLC grew its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,670 shares of the pipeline company's stock after purchasing an additional 15,624 shares during the quarter. MetLife Investment Management LLC's holdings in Antero Midstream were worth $2,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock worth $541,250,000 after purchasing an additional 96,788 shares during the period. Dimensional Fund Advisors LP grew its stake in Antero Midstream by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after acquiring an additional 71,361 shares in the last quarter. Geode Capital Management LLC lifted its stake in Antero Midstream by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock worth $92,174,000 after purchasing an additional 25,001 shares in the last quarter. Norges Bank bought a new position in Antero Midstream in the 4th quarter valued at $62,578,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Antero Midstream by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock valued at $57,769,000 after purchasing an additional 37,787 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $16.88 on Friday. The company's fifty day moving average price is $16.93 and its 200-day moving average price is $16.01. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 20.34 and a beta of 1.99. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49.

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 analysts' consensus estimates 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 anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given 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 yield of 5.33%. Antero Midstream's payout ratio is 108.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Profile

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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