Brave Warrior Advisors LLC Purchases 33,908 Shares of Antero Midstream Co. (NYSE:AM)

Brave Warrior Advisors LLC raised its position in Antero Midstream Co. (NYSE:AM - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,932,840 shares of the pipeline company's stock after acquiring an additional 33,908 shares during the quarter. Antero Midstream makes up about 0.7% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 14th largest holding. Brave Warrior Advisors LLC owned 0.40% of Antero Midstream worth $29,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in 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. TD Waterhouse Canada Inc. increased its stake in shares of Antero Midstream by 20.5% during the fourth 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. lifted its holdings in 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 last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 1,962 shares during the period. Finally, Allworth Financial LP grew its holdings in Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after buying an additional 951 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

Shares of NYSE AM traded up $0.26 during mid-day trading on Friday, reaching $18.07. The company had a trading volume of 2,407,454 shares, compared to its average volume of 2,939,532. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The business's 50-day simple moving average is $17.11 and its 200 day simple moving average is $16.15. 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 firm has a market cap of $8.66 billion, a price-to-earnings ratio of 21.77 and a beta of 0.99.

Antero Midstream (NYSE:AM - Get Free Report) last issued 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. The company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. On average, research analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 4.98%. Antero Midstream's dividend payout ratio (DPR) is currently 103.45%.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of recent research reports. Wells Fargo & Company boosted 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, February 18th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report 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.