Brave Warrior Advisors LLC Has $29.17 Million Stake in Antero Midstream Co. (NYSE:AM)

Brave Warrior Advisors LLC raised its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,932,840 shares of the pipeline company's stock after buying an additional 33,908 shares during the quarter. Antero Midstream comprises 0.7% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 14th largest holding. Brave Warrior Advisors LLC owned approximately 0.40% of Antero Midstream worth $29,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AM. Vanguard Group Inc. boosted its holdings in Antero Midstream by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after purchasing an additional 96,788 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Antero Midstream by 0.8% in the fourth 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 last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of Antero Midstream by 2.0% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock worth $106,680,000 after purchasing an additional 135,886 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Antero Midstream by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock valued at $92,174,000 after purchasing an additional 25,001 shares in the last quarter. Finally, Norges Bank acquired a new position in Antero Midstream during the 4th quarter worth $62,578,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Up 1.8 %

Shares of Antero Midstream stock traded up $0.31 during trading on Wednesday, reaching $17.82. 2,653,527 shares of the company were exchanged, compared to its average volume of 2,951,737. The business has a 50-day moving average price of $17.07 and a 200-day moving average price of $16.11. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 21.47 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 Co. has a twelve month low of $13.12 and a twelve month high of $18.49.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 18.82% and a net margin of 36.24%. Antero Midstream's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Sell-side analysts anticipate 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 will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $0.225 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.05%. Antero Midstream's dividend payout ratio is presently 103.45%.

Wall Street Analysts Forecast Growth

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

Antero Midstream 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.