Deutsche Bank AG Buys 25,670 Shares of Antero Midstream Co. (NYSE:AM)

Deutsche Bank AG boosted its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 182,608 shares of the pipeline company's stock after purchasing an additional 25,670 shares during the period. Deutsche Bank AG's holdings in Antero Midstream were worth $2,756,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings 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 purchasing an additional 963 shares during the period. 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. bought a new stake in Antero Midstream in the 4th quarter valued at $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. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Performance

NYSE:AM traded up $0.26 during mid-day trading on Tuesday, hitting $18.91. 106,381 shares of the stock were exchanged, compared to its average volume of 2,926,693. The firm's 50-day simple moving average is $17.48 and its 200 day simple moving average is $16.46. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 22.73 and a beta of 0.99. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.04. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (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 analysts' expectations of $277.79 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. Antero Midstream's quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm 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 was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.76%. Antero Midstream's payout ratio is presently 103.45%.

Analyst Ratings Changes

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

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.