Steward Partners Investment Advisory LLC Raises Stake in Antero Midstream Co. (NYSE:AM)

Steward Partners Investment Advisory LLC grew its position in Antero Midstream Co. (NYSE:AM - Free Report) by 67.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,451 shares of the pipeline company's stock after acquiring an additional 24,840 shares during the period. Steward Partners Investment Advisory LLC's holdings in Antero Midstream were worth $927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in shares of Antero Midstream by 1.5% in the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company's stock valued at $166,856,000 after acquiring an additional 160,593 shares in the last quarter. Geode Capital Management LLC lifted 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 valued at $91,549,000 after purchasing an additional 251,987 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Antero Midstream by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company's stock valued at $57,047,000 after purchasing an additional 22,936 shares during the period. JPMorgan Chase & Co. lifted its stake 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. Finally, FMR LLC lifted its stake in shares of Antero Midstream by 121.9% in the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock valued at $16,446,000 after purchasing an additional 600,208 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

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Analysts Set New Price Targets

AM has been the subject of several recent analyst reports. StockNews.com cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

Antero Midstream Price Performance

AM traded down $0.06 during midday trading on Thursday, reaching $16.89. 3,880,242 shares of the company's stock were exchanged, compared to its average volume of 2,612,327. 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 capitalization of $8.08 billion, a PE ratio of 20.34 and a beta of 2.32. The business's 50-day moving average price is $16.25 and its 200 day moving average price is $15.50. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.26.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results 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 return on equity of 18.82% and a net margin of 36.24%. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's payout ratio is currently 108.43%.

About Antero Midstream

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.