Antero Midstream Co. (NYSE:AM) Shares Sold by Ethic Inc.

Ethic Inc. lowered its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,654 shares of the pipeline company's stock after selling 47,799 shares during the period. Ethic Inc.'s holdings in Antero Midstream were worth $1,881,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its holdings in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after buying an additional 963 shares during the period. Blue Trust Inc. increased its stake 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 buying an additional 2,612 shares during the period. Allworth Financial LP increased its stake in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after buying an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in Antero Midstream during the 4th quarter worth $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AM. Wells Fargo & Company lifted their price target on shares of 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 raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

Antero Midstream Stock Up 0.7%

Antero Midstream stock traded up $0.13 during midday trading on Friday, hitting $18.98. 2,119,201 shares of the stock were exchanged, compared to its average volume of 2,951,364. The company has a 50 day moving average price of $17.31 and a two-hundred day moving average price of $16.30. The firm has a market cap of $9.10 billion, a P/E ratio of 22.87 and a beta of 0.99. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $19.01. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The company's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's payout ratio is currently 103.45%.

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.