Antero Midstream Co. (NYSE:AM) Stock Position Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 47.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,434 shares of the pipeline company's stock after selling 59,877 shares during the period. Mackenzie Financial Corp's holdings in Antero Midstream were worth $987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Forum Financial Management LP grew its holdings in shares of Antero Midstream by 23.0% during the fourth quarter. Forum Financial Management LP now owns 18,833 shares of the pipeline company's stock worth $284,000 after buying an additional 3,519 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Antero Midstream by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,747 shares of the pipeline company's stock valued at $13,622,000 after purchasing an additional 32,713 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Antero Midstream by 4.1% in the 4th quarter. Voloridge Investment Management LLC now owns 1,522,766 shares of the pipeline company's stock valued at $22,979,000 after purchasing an additional 59,704 shares during the last quarter. Vident Advisory LLC purchased a new position in shares of Antero Midstream in the 4th quarter valued at approximately $2,869,000. Finally, Two Sigma Investments LP grew its position in Antero Midstream by 86.2% in the 4th quarter. Two Sigma Investments LP now owns 185,053 shares of the pipeline company's stock valued at $2,792,000 after buying an additional 85,653 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

AM stock traded down $0.09 during trading on Tuesday, reaching $18.91. 1,246,478 shares of the company were exchanged, compared to its average volume of 2,920,195. The company has a market cap of $9.06 billion, a P/E ratio of 22.77 and a beta of 0.99. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $19.09. The stock's 50 day moving average price is $17.58 and its 200 day moving average price is $16.58. 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 quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 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 analyst estimates of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. As a group, analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.76%. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 approximately $1,390,417.60. This trade represents a 6.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AM. Morgan Stanley lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "underweight" rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

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.