Antero Midstream Co. (NYSE:AM) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board reduced its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 76.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,699 shares of the pipeline company's stock after selling 78,692 shares during the period. Ontario Teachers Pension Plan Board's holdings in Antero Midstream were worth $373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guild Investment Management Inc. acquired a new position in Antero Midstream during the fourth quarter valued at $1,883,000. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 203,967 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Antero Midstream by 45.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock valued at $1,882,000 after buying an additional 39,048 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Antero Midstream in the fourth quarter valued at $226,000. Finally, Empowered Funds LLC increased its holdings in Antero Midstream by 4.3% in the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after buying an additional 1,751 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Price Performance

Shares of AM stock traded up $0.12 on Wednesday, reaching $16.62. 652,743 shares of the company were exchanged, compared to its average volume of 3,579,233. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 20.02 and a beta of 1.99. The business has a 50-day moving average price of $16.93 and a 200 day moving average price of $15.98. 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.

Antero Midstream (NYSE:AM - Get Free Report) last posted 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%. Equities research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.42%. Antero Midstream's payout ratio is presently 108.43%.

Analyst Ratings Changes

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

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.