Vanguard Group Inc. grew its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,868,153 shares of the pipeline company's stock after purchasing an additional 96,788 shares during the quarter. Vanguard Group Inc. owned approximately 7.45% of Antero Midstream worth $541,250,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. LPL Financial LLC boosted its stake in shares of Antero Midstream by 1.5% during the 4th quarter. LPL Financial LLC now owns 318,777 shares of the pipeline company's stock worth $4,810,000 after purchasing an additional 4,710 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Antero Midstream during the fourth quarter worth approximately $1,385,000. American Century Companies Inc. grew its stake in Antero Midstream by 3.7% in the 4th quarter. American Century Companies Inc. now owns 2,085,697 shares of the pipeline company's stock worth $31,473,000 after acquiring an additional 73,496 shares during the period. HUB Investment Partners LLC raised its holdings in Antero Midstream by 15.5% in the 4th quarter. HUB Investment Partners LLC now owns 60,465 shares of the pipeline company's stock valued at $912,000 after acquiring an additional 8,095 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Antero Midstream by 5,787.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after purchasing an additional 8,102 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
AM has been the subject of several analyst reports. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th.
View Our Latest Stock Report on Antero Midstream
Antero Midstream Trading Down 8.7 %
AM stock traded down $1.56 during trading on Friday, reaching $16.42. 3,443,734 shares of the stock traded hands, compared to its average volume of 2,848,853. The firm has a market capitalization of $7.86 billion, a PE ratio of 19.90 and a beta of 2.33. 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 business's 50 day moving average price is $16.82 and its 200-day moving average price is $15.85. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.49.
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 (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, sell-side analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current year.
Antero Midstream Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream's dividend payout ratio (DPR) is presently 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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