Baird Financial Group Inc. acquired a new stake in Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,617 shares of the pipeline company's stock, valued at approximately $251,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock worth $541,250,000 after purchasing an additional 96,788 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Antero Midstream by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock worth $137,516,000 after acquiring an additional 71,361 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in Antero Midstream by 2.0% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock valued at $106,680,000 after acquiring an additional 135,886 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Antero Midstream by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock valued at $92,174,000 after acquiring an additional 25,001 shares during the period. Finally, Norges Bank bought a new stake in shares of Antero Midstream during the 4th quarter valued at $62,578,000. 53.97% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Wells Fargo & Company raised 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. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.
Check Out Our Latest Analysis on Antero Midstream
Antero Midstream Trading Down 1.1%
Antero Midstream stock traded down $0.21 during trading hours on Wednesday, hitting $18.63. The stock had a trading volume of 1,042,705 shares, compared to its average volume of 3,376,127. The business's 50 day simple moving average is $17.38 and its 200-day simple moving average is $16.35. Antero Midstream Co. has a one year low of $13.12 and a one year high of $19.04. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 22.44 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.
Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million during the quarter, compared to analyst estimates of $277.79 million. During the same quarter last year, the business earned $0.21 EPS. The firm's quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.
Antero Midstream Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.83%. Antero Midstream's dividend payout ratio is 103.45%.
Antero Midstream Company Profile
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Free Report)
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.
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