Antero Midstream Co. (NYSE:AM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 341,708 shares of the pipeline company's stock after selling 171,406 shares during the quarter. Wellington Management Group LLP owned about 0.07% of Antero Midstream worth $5,156,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AM. Financial Management Professionals Inc. raised its stake in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Blue Trust Inc. increased its stake in Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after purchasing an additional 2,612 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after buying an additional 1,962 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after buying an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Antero Midstream in the 4th quarter valued at $119,000. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AM has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Price Performance

AM traded up $0.23 during trading on Wednesday, reaching $16.96. The company's stock had a trading volume of 347,398 shares, compared to its average volume of 2,926,582. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 20.40 and a beta of 1.99. The firm has a fifty day simple moving average of $16.86 and a two-hundred day simple moving average of $15.93.

Antero Midstream (NYSE:AM - Get Free Report) last issued 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, analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.31%. Antero Midstream's dividend 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.