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

BNP Paribas Financial Markets cut its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after acquiring an additional 1,962 shares during the period. Wedmont Private Capital increased its holdings in shares of Antero Midstream by 38.8% in the 4th quarter. Wedmont Private Capital now owns 23,398 shares of the pipeline company's stock valued at $362,000 after acquiring an additional 6,536 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Antero Midstream by 6.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 197,255 shares of the pipeline company's stock valued at $2,977,000 after acquiring an additional 12,571 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in shares of Antero Midstream by 7.9% in the 4th quarter. Atomi Financial Group Inc. now owns 33,787 shares of the pipeline company's stock valued at $510,000 after acquiring an additional 2,465 shares during the period. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Up 0.2%

AM stock traded up $0.05 on Friday, hitting $18.90. 523,403 shares of the company's stock were exchanged, compared to its average volume of 2,934,594. The firm has a 50 day moving average price of $17.26 and a two-hundred day moving average price of $16.25. 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 stock has a market cap of $9.05 billion, a P/E ratio of 22.75 and a beta of 0.99. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $19.13.

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 for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $291.13 million for the quarter, compared to analyst estimates 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 was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. As a group, equities research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio is presently 103.45%.

Wall Street Analysts Forecast Growth

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

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.