Van ECK Associates Corp Sells 103,919 Shares of Antero Midstream Co. (NYSE:AM)

Van ECK Associates Corp trimmed its position in shares of Antero Midstream Co. (NYSE:AM) by 60.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,347 shares of the pipeline company’s stock after selling 103,919 shares during the quarter. Van ECK Associates Corp’s holdings in Antero Midstream were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Antero Midstream by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after buying an additional 34,222 shares during the period. JPMorgan Chase & Co. increased its position 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 acquiring an additional 203,967 shares in the last quarter. Creative Planning grew its position in Antero Midstream by 43.5% in the third quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock valued at $1,642,000 after purchasing an additional 33,054 shares in the last quarter. Columbus Macro LLC bought a new position in Antero Midstream in the fourth quarter valued at $6,977,000. Finally, Empowered Funds LLC grew its position in Antero Midstream by 4.3% in the fourth 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. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Performance

Shares of AM opened at $16.27 on Friday. The firm has a 50-day moving average of $15.83 and a 200-day moving average of $15.28. Antero Midstream Co. has a one year low of $12.78 and a one year high of $16.99. The company has a market cap of $7.78 billion, a PE ratio of 19.60 and a beta of 2.31. 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 (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 net margin of 36.24% and a return on equity of 18.82%. As a group, equities analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 108.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th.

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.