Antero Midstream Co. (NYSE:AM) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 412,371 shares of the pipeline company's stock after acquiring an additional 66,056 shares during the period. Ameriprise Financial Inc. owned about 0.09% of Antero Midstream worth $6,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aristeia Capital L.L.C. acquired a new position in shares of Antero Midstream in the 4th quarter valued at $376,000. PDT Partners LLC lifted its stake in Antero Midstream by 55.6% in the 4th quarter. PDT Partners LLC now owns 396,510 shares of the pipeline company's stock worth $5,983,000 after purchasing an additional 141,610 shares in the last quarter. Northern Trust Corp lifted its stake in Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock worth $61,950,000 after purchasing an additional 753,939 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Antero Midstream during the 4th quarter worth approximately $5,627,000. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of Antero Midstream by 12.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 27,253 shares of the pipeline company's stock worth $411,000 after buying an additional 3,033 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

AM traded down $0.10 on Wednesday, reaching $18.89. The company had a trading volume of 743,624 shares, compared to its average volume of 2,924,657. The stock has a 50-day moving average price of $17.50 and a 200-day moving average price of $16.47. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $19.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $9.05 billion, a PE ratio of 22.74 and a beta of 0.99.

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

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given 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 yield of 4.77%. Antero Midstream's payout ratio is currently 103.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AM shares. Wells Fargo & Company boosted their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

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.