New York State Common Retirement Fund Decreases Stake in Antero Midstream Co. (NYSE:AM)

New York State Common Retirement Fund cut its stake in shares of Antero Midstream Co. (NYSE:AM) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,446 shares of the pipeline company’s stock after selling 5,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Antero Midstream were worth $5,620,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Antero Midstream by 1.5% in the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after acquiring an additional 160,593 shares during the period. Geode Capital Management LLC raised its stake in shares of Antero Midstream by 4.3% during 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 holdings in shares of Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock valued at $57,047,000 after buying an additional 22,936 shares during the period. JPMorgan Chase & Co. grew its holdings in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after acquiring an additional 203,967 shares during the period. Finally, FMR LLC raised its position in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after acquiring an additional 600,208 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AM has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th.

Antero Midstream Price Performance

Shares of NYSE AM opened at $16.22 on Friday. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.54 and a beta of 2.31. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $16.99. The firm has a 50-day simple moving average of $15.95 and a 200-day simple moving average of $15.34. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 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%. On average, equities analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Antero Midstream 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.