Norges Bank Purchases New Holdings in Antero Midstream Co. (NYSE:AM)

Norges Bank purchased a new stake in Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,147,015 shares of the pipeline company's stock, valued at approximately $62,578,000. Norges Bank owned about 0.86% of Antero Midstream as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Guild Investment Management Inc. acquired a new stake in Antero Midstream during the 4th quarter valued at approximately $1,883,000. JPMorgan Chase & Co. grew its position in shares of Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after purchasing an additional 203,967 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Antero Midstream by 45.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock valued at $1,882,000 after acquiring an additional 39,048 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Antero Midstream during the fourth quarter worth $226,000. Finally, Empowered Funds LLC boosted its holdings in shares of Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after purchasing an additional 1,751 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analysts Set New Price Targets

AM has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of 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 shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday.

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Antero Midstream Stock Down 0.3 %

Shares of Antero Midstream stock traded down $0.06 during trading on Monday, hitting $16.28. 2,701,720 shares of the stock were exchanged, compared to its average volume of 3,546,873. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49. 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 stock has a market cap of $7.79 billion, a price-to-earnings ratio of 19.63 and a beta of 1.99. The firm's 50-day moving average price is $16.82 and its 200 day moving average price is $15.87.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's payout ratio is 108.43%.

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.