28,532 Shares in Antero Midstream Co. (NYSE:AM) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in Antero Midstream Co. (NYSE:AM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,532 shares of the pipeline company's stock, valued at approximately $431,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased 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 valued at $541,250,000 after buying an additional 96,788 shares during the period. State Street Corp grew its holdings in shares of Antero Midstream by 1.5% during the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company's stock valued at $166,856,000 after acquiring an additional 160,593 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Antero Midstream by 4.3% in the third 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. Norges Bank acquired a new position in shares of Antero Midstream in the fourth quarter worth $62,578,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Antero Midstream by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock worth $57,769,000 after acquiring an additional 37,787 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AM. Wells Fargo & Company boosted their target price on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday.

Antero Midstream Stock Down 9.0 %

Shares of NYSE:AM traded down $1.63 on Friday, reaching $16.35. The company had a trading volume of 5,803,691 shares, compared to its average volume of 2,868,503. The stock has a market capitalization of $7.82 billion, a P/E ratio of 19.69 and a beta of 1.99. The stock has a 50-day moving average price of $16.82 and a 200 day moving average price of $15.87. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

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 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%. On average, equities analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.51%. Antero Midstream's payout ratio is presently 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.