Vestcor Inc Takes Position in Antero Midstream Co. (NYSE:AM)

Vestcor Inc bought a new stake in Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,755 shares of the pipeline company's stock, valued at approximately $328,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. FMR LLC increased 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 worth $16,446,000 after buying an additional 600,208 shares during the last quarter. Jennison Associates LLC increased its position in shares of Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock worth $15,566,000 after purchasing an additional 579,191 shares during the last quarter. Columbus Macro LLC acquired a new stake in shares of Antero Midstream in the 4th quarter valued at about $6,977,000. Raymond James Financial Inc. bought a new position in shares of Antero Midstream during the fourth quarter worth about $5,722,000. Finally, Geode Capital Management LLC grew its stake in 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 purchasing an additional 251,987 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AM. Wells Fargo & Company lifted their target price 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 downgraded Antero Midstream from a "buy" rating to a "hold" rating in a report on Saturday, March 15th.

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Antero Midstream Stock Performance

Shares of AM stock traded up $0.01 during trading hours on Friday, reaching $17.79. The stock had a trading volume of 26,095,193 shares, compared to its average volume of 2,704,067. The firm has a market capitalization of $8.51 billion, a PE ratio of 21.43 and a beta of 2.33. The firm has a 50-day simple moving average of $16.46 and a 200-day simple moving average of $15.60. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $17.97. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, equities analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current 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 paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.06%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's payout ratio is currently 108.43%.

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.