Antero Midstream Co. (NYSE:AM) Position Reduced by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. cut its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 32.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 0.45% of Antero Midstream worth $32,407,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Antero Midstream by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock worth $541,250,000 after purchasing an additional 96,788 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Antero Midstream by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after acquiring an additional 71,361 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its position in Antero Midstream by 2.0% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock valued at $106,680,000 after acquiring an additional 135,886 shares in the last quarter. Geode Capital Management LLC raised its position in Antero Midstream by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock valued at $92,174,000 after acquiring an additional 25,001 shares in the last quarter. Finally, Norges Bank acquired a new position in Antero Midstream during the fourth quarter valued at approximately $62,578,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on AM shares. Wells Fargo & Company increased their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Trading Down 0.4%

Shares of Antero Midstream stock opened at $18.88 on Tuesday. The company's fifty day simple moving average is $17.34 and its 200-day simple moving average is $16.33. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 22.75 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 Co. has a 1 year low of $13.12 and a 1 year high of $19.04.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $291.13 million for 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%. Antero Midstream's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. As a group, sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 4.77%. Antero Midstream's dividend payout ratio (DPR) 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.

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