BNP Paribas Financial Markets Lowers Position in Antero Midstream Co. (NYSE:AM)

BNP Paribas Financial Markets lessened its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 774,266 shares of the pipeline company's stock after selling 75,088 shares during the period. BNP Paribas Financial Markets owned about 0.16% of Antero Midstream worth $11,684,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in Antero Midstream by 19.1% during the 4th quarter. Ameriprise Financial Inc. now owns 412,371 shares of the pipeline company's stock worth $6,223,000 after acquiring an additional 66,056 shares during the period. Aristeia Capital L.L.C. bought a new stake in Antero Midstream during the 4th quarter worth $376,000. PDT Partners LLC grew its position in Antero Midstream by 55.6% during the 4th quarter. PDT Partners LLC now owns 396,510 shares of the pipeline company's stock worth $5,983,000 after acquiring an additional 141,610 shares during the last quarter. Northern Trust Corp grew its position in shares of Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after buying an additional 753,939 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Antero Midstream during the 4th quarter valued at approximately $5,627,000. 53.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Antero Midstream Price Performance

AM traded up $0.09 on Wednesday, reaching $18.52. The company had a trading volume of 1,753,260 shares, compared to its average volume of 2,944,624. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.61. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 22.31 and a beta of 0.99. The business has a 50 day simple moving average of $17.18 and a 200 day simple moving average of $16.20.

Antero Midstream (NYSE:AM - Get Free Report) last announced 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. The firm had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. As a group, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. Antero Midstream's payout ratio is 103.45%.

About Antero Midstream

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.