Antero Midstream Co. (NYSE:AM) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,139 shares of the pipeline company’s stock after purchasing an additional 1,751 shares during the period. Empowered Funds LLC’s holdings in Antero Midstream were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in shares of Antero Midstream by 1.5% during the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after buying an additional 160,593 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after buying an additional 251,987 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Midstream by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after buying an additional 22,936 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 203,967 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after buying an additional 600,208 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of AM opened at $16.81 on Wednesday. Antero Midstream Co. has a twelve month low of $12.32 and a twelve month high of $16.99. The stock’s 50 day moving average is $15.75 and its two-hundred day moving average is $15.24. The firm has a market capitalization of $8.09 billion, a PE ratio of 20.76 and a beta of 2.31. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM) last announced 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 36.16% and a return on equity of 18.91%. Research analysts anticipate that Antero Midstream Co. will post 0.83 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.35%. Antero Midstream’s payout ratio is 111.11%.

Analysts Set New Price Targets

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

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.