Morningstar Investment Management LLC Sells 24,703 Shares of Antero Midstream Co. (NYSE:AM)

Morningstar Investment Management LLC trimmed its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 35.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,693 shares of the pipeline company's stock after selling 24,703 shares during the quarter. Morningstar Investment Management LLC's holdings in Antero Midstream were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AM. FMR LLC boosted its position in Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock worth $16,446,000 after buying an additional 600,208 shares during the period. Jennison Associates LLC increased its stake in shares of Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after acquiring an additional 579,191 shares in the last quarter. Columbus Macro LLC acquired a new position in shares of Antero Midstream during the fourth quarter valued at about $6,977,000. Oppenheimer & Co. Inc. grew its stake in Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company's stock valued at $10,338,000 after acquiring an additional 293,238 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock worth $91,549,000 after acquiring an additional 251,987 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

Antero Midstream stock traded down $0.30 during mid-day trading on Friday, reaching $16.27. 2,541,919 shares of the company's stock were exchanged, compared to its average volume of 2,861,426. The firm has a market capitalization of $7.78 billion, a PE ratio of 19.60 and a beta of 2.31. 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 business's fifty day simple moving average is $15.83 and its 200 day simple moving average is $15.28. Antero Midstream Co. has a one year low of $12.78 and a one year high of $16.99.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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%. On average, sell-side analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently announced 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream's dividend payout ratio is currently 108.44%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AM. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company raised their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday.

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.