Fort Washington Investment Advisors Inc. OH Acquires 55,085 Shares of Antero Midstream Co. (NYSE:AM)

Fort Washington Investment Advisors Inc. OH lifted its position in Antero Midstream Co. (NYSE:AM - Free Report) by 46.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,020 shares of the pipeline company's stock after acquiring an additional 55,085 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Antero Midstream were worth $3,114,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AM. UMB Bank n.a. boosted its holdings in shares of Antero Midstream by 170.8% in the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after buying an additional 2,188 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Antero Midstream by 20.5% in the 4th 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 holdings in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after buying an additional 2,612 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after buying an additional 951 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Antero Midstream in the 4th quarter worth about $119,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

NYSE AM remained flat at $18.25 during trading on Friday. 2,640,650 shares of the company's stock traded hands, compared to its average volume of 2,940,175. The stock has a market capitalization of $8.75 billion, a PE ratio of 21.99 and a beta of 1.03. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $19.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The business's 50-day simple moving average is $17.76 and its 200 day simple moving average is $16.75.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating 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%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.93%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AM shares. Morgan Stanley reissued an "underweight" rating and issued a $17.00 price target (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the sale, the director now directly owns 73,645 shares of the company's stock, valued at approximately $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

Antero Midstream 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.