Ameriprise Financial Inc. Has $6.22 Million Holdings in Antero Midstream Co. (NYSE:AM)

Ameriprise Financial Inc. lifted its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 412,371 shares of the pipeline company's stock after purchasing an additional 66,056 shares during the period. Ameriprise Financial Inc. owned 0.09% of Antero Midstream worth $6,223,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. increased its position in 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 buying an additional 963 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 2,612 shares during the period. Allworth Financial LP increased its holdings in shares of 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 acquiring an additional 951 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Antero Midstream during the 4th quarter worth approximately $119,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Antero Midstream by 5,787.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock valued at $124,000 after acquiring an additional 8,102 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE:AM traded up $0.34 during trading on Tuesday, reaching $18.99. 1,808,545 shares of the stock were exchanged, compared to its average volume of 2,933,263. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.04. The stock has a 50-day moving average price of $17.48 and a 200-day moving average price of $16.46. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market cap of $9.10 billion, a PE ratio of 22.88 and a beta of 0.99.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly 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. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The business had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same period last year, the firm posted $0.21 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. 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 announced 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio is currently 103.45%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company increased their price objective 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.

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.