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

Ameriprise Financial Inc. lifted its position in Antero Midstream Co. (NYSE:AM - Free Report) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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.

Other large investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its stake in Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after buying an additional 963 shares in the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 2,612 shares during the last quarter. Allworth Financial LP raised 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 acquiring an additional 951 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Antero Midstream in the fourth quarter valued at $119,000. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Antero Midstream by 5,787.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after acquiring an additional 8,102 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the transaction, the director now directly owns 73,645 shares of the company's stock, valued at $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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

Antero Midstream Stock Performance

Shares of AM stock traded up $0.00 during trading hours on Thursday, reaching $18.85. The stock had a trading volume of 2,060,026 shares, compared to its average volume of 2,931,135. 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 Co. has a twelve month low of $13.12 and a twelve month high of $19.06. The firm has a 50-day simple moving average of $17.54 and a 200-day simple moving average of $16.51. The firm has a market capitalization of $9.03 billion, a PE ratio of 22.71 and a beta of 0.99.

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

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.77%. Antero Midstream's dividend 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.