Nuveen Asset Management LLC Sells 80,306 Shares of Antero Midstream Co. (NYSE:AM)

Nuveen Asset Management LLC lessened its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,155,695 shares of the pipeline company's stock after selling 80,306 shares during the period. Nuveen Asset Management LLC owned about 0.24% of Antero Midstream worth $17,439,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in Antero Midstream by 19.2% during the 4th quarter. Millennium Management LLC now owns 2,218,167 shares of the pipeline company's stock worth $33,472,000 after purchasing an additional 356,982 shares in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new stake in Antero Midstream during the 4th quarter worth approximately $488,000. Jefferies Financial Group Inc. bought a new position in shares of Antero Midstream in the fourth quarter valued at approximately $756,000. Gotham Asset Management LLC grew its holdings in shares of Antero Midstream by 0.7% in the fourth quarter. Gotham Asset Management LLC now owns 140,998 shares of the pipeline company's stock valued at $2,128,000 after acquiring an additional 957 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Antero Midstream by 91.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 224,326 shares of the pipeline company's stock valued at $3,385,000 after purchasing an additional 107,095 shares during the period. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

NYSE AM traded down $0.18 during trading hours on Thursday, reaching $18.68. 467,784 shares of the stock traded hands, compared to its average volume of 3,289,139. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 22.50 and a beta of 0.99. The stock has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $16.49. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $19.06.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results 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 company had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Antero Midstream's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. On average, analysts predict 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. Investors of record on Wednesday, April 23rd were paid 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 4.82%. Antero Midstream's payout ratio is presently 103.45%.

Wall Street Analysts Forecast Growth

AM has been the subject of several research reports. Wells Fargo & Company increased 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. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report 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.