Westwood Holdings Group Inc. Has $32.41 Million Holdings in Antero Midstream Co. (NYSE:AM)

Westwood Holdings Group Inc. lowered its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,147,598 shares of the pipeline company's stock after selling 1,041,044 shares during the quarter. Westwood Holdings Group Inc. owned about 0.45% of Antero Midstream worth $32,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AM. Financial Management Professionals Inc. lifted its position in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Antero Midstream by 84.3% in the fourth 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 in the last quarter. Allworth Financial LP lifted its position in shares of Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after purchasing an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Antero Midstream in the fourth quarter worth $119,000. Institutional investors own 53.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AM. 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 target 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 Stock Performance

Shares of AM traded up $0.15 during midday trading on Friday, reaching $18.65. The stock had a trading volume of 1,636,366 shares, compared to its average volume of 2,937,780. The firm has a 50 day simple moving average of $17.46 and a 200-day simple moving average of $16.43. Antero Midstream Co. has a one year low of $13.12 and a one year high of $19.04. The firm has a market cap of $8.94 billion, a PE ratio of 22.46 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same quarter last year, the firm posted $0.21 EPS. The company's quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.83%. 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.