Norges Bank Invests $62.58 Million in Antero Midstream Co. (NYSE:AM)

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

Other large investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its position in shares of Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after purchasing an additional 2,612 shares during the period. Allworth Financial LP increased its holdings in Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after purchasing an additional 951 shares during the last quarter. GAMMA Investing LLC raised its position in Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after purchasing an additional 1,962 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in Antero Midstream by 5,787.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after purchasing an additional 8,102 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Antero Midstream Stock Down 1.2 %

AM stock traded down $0.20 during midday trading on Tuesday, reaching $15.96. 7,892,015 shares of the company were exchanged, compared to its average volume of 2,905,890. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 19.22 and a beta of 1.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $18.49. The stock's 50-day simple moving average is $16.84 and its 200 day simple moving average is $15.89.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current 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 paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend payout ratio is currently 108.43%.

Antero Midstream Company 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.