Antero Midstream Co. (NYSE:AM) Stock Position Decreased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,965,124 shares of the pipeline company's stock after selling 303,842 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.83% of Antero Midstream worth $59,834,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. raised its position in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after purchasing an additional 1,000 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares during the period. Blue Trust Inc. raised its position in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after purchasing an additional 2,612 shares during the period. Allworth Financial LP raised its position in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after purchasing an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Antero Midstream during the 4th quarter worth approximately $119,000. Institutional investors own 53.97% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AM shares. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company increased their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.

Antero Midstream Stock Performance

AM traded up $0.13 during trading hours on Friday, hitting $18.98. The company's stock had a trading volume of 2,119,201 shares, compared to its average volume of 2,951,364. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.01. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $9.10 billion, a PE ratio of 22.87 and a beta of 0.99. The company has a 50-day simple moving average of $17.31 and a 200 day simple moving average of $16.28.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. During the same period last year, the firm earned $0.21 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

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.