Wells Fargo & Company MN Sells 93,754 Shares of Antero Midstream Co. (NYSE:AM)

Wells Fargo & Company MN lowered its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 615,336 shares of the pipeline company's stock after selling 93,754 shares during the period. Wells Fargo & Company MN owned approximately 0.13% of Antero Midstream worth $9,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guild Investment Management Inc. bought a new position in Antero Midstream in the 4th quarter worth about $1,883,000. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 203,967 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Antero Midstream by 45.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after buying an additional 39,048 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Antero Midstream during the fourth quarter valued at approximately $226,000. Finally, Empowered Funds LLC increased its position in shares of Antero Midstream by 4.3% during the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after acquiring an additional 1,751 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE AM traded up $0.23 during midday trading on Tuesday, hitting $16.72. 2,595,668 shares of the stock traded hands, compared to its average volume of 2,949,378. The firm has a market capitalization of $8.00 billion, a P/E ratio of 20.15 and a beta of 1.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50-day moving average of $16.93 and a two-hundred day moving average of $15.98. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. On average, equities analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's payout ratio is 108.43%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company increased their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th.

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.