Vanguard Group Inc. Buys 193,263 Shares of Antero Midstream Co. (NYSE:AM)

Vanguard Group Inc. raised its stake in Antero Midstream Co. (NYSE:AM) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,545,837 shares of the pipeline company’s stock after acquiring an additional 193,263 shares during the period. Vanguard Group Inc. owned about 7.41% of Antero Midstream worth $445,389,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Allianz Asset Management GmbH boosted its stake in Antero Midstream by 3.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,852,300 shares of the pipeline company’s stock worth $23,209,000 after purchasing an additional 57,000 shares in the last quarter. Semanteon Capital Management LP acquired a new position in Antero Midstream in the fourth quarter worth $164,000. Charles Schwab Investment Management Inc. boosted its stake in Antero Midstream by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock worth $45,141,000 after purchasing an additional 99,592 shares in the last quarter. New York Life Investment Management LLC acquired a new position in Antero Midstream in the fourth quarter worth $445,000. Finally, Bank of Nova Scotia acquired a new position in Antero Midstream in the fourth quarter worth $3,219,000. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Trading Down 0.3 %

Shares of AM opened at $14.85 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. Antero Midstream Co. has a 12-month low of $10.86 and a 12-month high of $15.10. The firm has a market capitalization of $7.15 billion, a PE ratio of 18.56 and a beta of 2.31. The stock’s fifty day simple moving average is $14.41 and its 200-day simple moving average is $13.45.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. During the same period in the previous year, the company posted $0.21 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Antero Midstream Co. will post 0.87 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s payout ratio is 112.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Wednesday. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and upped their price target for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.70.

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.