Teacher Retirement System of Texas lessened its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 64.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,151 shares of the pipeline company's stock after selling 200,996 shares during the quarter. Teacher Retirement System of Texas' holdings in Antero Midstream were worth $1,707,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in AM. State Street Corp boosted its stake in Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company's stock worth $166,856,000 after purchasing an additional 160,593 shares during the period. Geode Capital Management LLC raised its position in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock valued at $91,549,000 after buying an additional 251,987 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Antero Midstream by 1.0% in 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 acquiring an additional 37,787 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 worth $28,686,000 after purchasing an additional 203,967 shares in the last quarter. Finally, FMR LLC increased its stake in Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock valued at $16,446,000 after buying an additional 600,208 shares during the last quarter. Institutional investors own 53.97% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on AM. Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th.
Read Our Latest Stock Analysis on Antero Midstream
Antero Midstream Stock Performance
NYSE:AM traded up $0.07 during mid-day trading on Monday, hitting $18.01. 2,895,792 shares of the stock were exchanged, compared to its average volume of 2,837,289. The firm's 50-day simple moving average is $16.72 and its 200 day simple moving average is $15.79. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 21.70 and a beta of 2.33. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.30. 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 (NYSE:AM - Get Free Report) last posted 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%. 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 disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend payout ratio is currently 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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