Vanguard Group Inc. Purchases 96,788 Shares of Antero Midstream Co. (NYSE:AM)

Vanguard Group Inc. raised its position in shares of Antero Midstream Co. (NYSE:AM) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,868,153 shares of the pipeline company’s stock after purchasing an additional 96,788 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Antero Midstream worth $541,250,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AM. Guild Investment Management Inc. acquired a new position in shares of Antero Midstream during the 4th quarter worth $1,883,000. JPMorgan Chase & Co. raised its stake 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Antero Midstream in the fourth quarter worth about $226,000. Empowered Funds LLC boosted its stake in shares of Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock valued at $636,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Columbus Macro LLC acquired a new position in Antero Midstream during the 4th quarter worth approximately $6,977,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on AM shares. Wells Fargo & Company raised their target price 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 lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th.

Antero Midstream Stock Up 0.4 %

NYSE:AM opened at $18.01 on Tuesday. 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 Co. has a one year low of $13.12 and a one year high of $18.30. The firm’s 50 day simple moving average is $16.72 and its 200 day simple moving average is $15.79. The company has a market cap of $8.62 billion, a PE ratio of 21.70 and a beta of 2.33.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. On average, research analysts anticipate 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. Investors of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Wednesday, January 29th. 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.