Rhumbline Advisers Buys 14,083 Shares of Antero Midstream Co. (NYSE:AM)

Rhumbline Advisers raised its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,024,316 shares of the pipeline company's stock after acquiring an additional 14,083 shares during the period. Rhumbline Advisers owned approximately 0.21% of Antero Midstream worth $18,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Waterhouse Canada Inc. lifted its stake in shares of Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after buying an additional 963 shares during the period. Blue Trust Inc. lifted its position 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 acquiring an additional 2,612 shares during the period. Allworth Financial LP grew 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 purchasing an additional 951 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Antero Midstream during the fourth quarter valued at approximately $119,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Antero Midstream by 5,787.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock valued at $124,000 after purchasing an additional 8,102 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on 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 in the company, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

Antero Midstream Trading Down 1.5%

NYSE:AM traded down $0.27 on Tuesday, hitting $18.13. 3,210,060 shares of the stock were exchanged, compared to its average volume of 2,924,654. 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 Co. has a 52 week low of $13.12 and a 52 week high of $19.09. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 21.84 and a beta of 1.03. The company's 50-day moving average price is $17.63 and its 200 day moving average price is $16.70.

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 for the quarter, beating the consensus estimate of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. During the same period in the prior year, the business posted $0.21 earnings per share. Antero Midstream's revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given 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 4.97%. Antero Midstream's dividend payout ratio is currently 103.45%.

Wall Street Analysts Forecast Growth

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

About Antero Midstream

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.