Rockefeller Capital Management L.P. Takes $941,000 Position in Antero Midstream Co. (NYSE:AM)

Rockefeller Capital Management L.P. purchased a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 62,327 shares of the pipeline company's stock, valued at approximately $941,000.

Several other institutional investors have also recently made changes to their positions in the business. Financial Management Professionals Inc. increased its stake in Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after buying an additional 1,000 shares in the last quarter. Blue Trust Inc. grew its position in shares of Antero Midstream by 84.3% during the fourth 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 in the last quarter. GAMMA Investing LLC lifted its holdings in Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after purchasing an additional 1,962 shares in the last quarter. Allworth Financial LP lifted 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 worth $104,000 after purchasing an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Antero Midstream during the 4th quarter valued at approximately $119,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

AM traded up $0.30 during trading hours on Thursday, hitting $16.97. The company's stock had a trading volume of 1,727,100 shares, compared to its average volume of 2,941,015. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The business's 50-day moving average price is $16.93 and its 200-day moving average price is $15.99. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 20.45 and a beta of 1.99.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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%. Sell-side analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.

Analyst Ratings Changes

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

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.