Prudential Financial Inc. lessened its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 55.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 164,404 shares of the pipeline company's stock after selling 208,305 shares during the period. Prudential Financial Inc.'s holdings in Antero Midstream were worth $2,481,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock worth $541,250,000 after purchasing an additional 96,788 shares in the last quarter. State Street Corp increased its position in Antero Midstream by 1.5% in the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company's stock worth $166,856,000 after buying an additional 160,593 shares in the last quarter. Geode Capital Management LLC raised 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 buying an additional 251,987 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Antero Midstream by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock valued at $57,769,000 after buying an additional 37,787 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Antero Midstream by 3.7% during the 4th quarter. American Century Companies Inc. now owns 2,085,697 shares of the pipeline company's stock valued at $31,473,000 after acquiring an additional 73,496 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Wells Fargo & Company raised 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. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.
Get Our Latest Analysis on Antero Midstream
Antero Midstream Price Performance
NYSE AM traded down $0.20 during trading hours on Tuesday, reaching $15.96. The company's stock had a trading volume of 7,892,015 shares, compared to its average volume of 2,905,890. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year 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. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 19.22 and a beta of 1.99. The firm's 50-day moving average price is $16.84 and its 200-day moving average price is $15.89.
Antero Midstream (NYSE:AM - Get Free Report) last issued its 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, equities research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.
Antero Midstream Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.64%. Antero Midstream's dividend payout ratio (DPR) is 108.43%.
About Antero Midstream
(
Free Report)
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.
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