State of Wyoming Has $294,000 Position in Antero Midstream Co. (NYSE:AM)

State of Wyoming raised its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 414.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,502 shares of the pipeline company's stock after buying an additional 15,712 shares during the period. State of Wyoming's holdings in Antero Midstream were worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. TD Waterhouse Canada Inc. raised its stake 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 buying an additional 963 shares during the last quarter. Blue Trust Inc. raised 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 in the last quarter. Allworth Financial LP lifted its stake 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 valued at $104,000 after purchasing an additional 951 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Antero Midstream in the 4th quarter valued at about $119,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Antero Midstream by 5,787.1% during the 4th 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. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Price Performance

AM stock opened at $18.50 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company's 50-day moving average is $17.44 and its 200-day moving average is $16.39. The stock has a market capitalization of $8.87 billion, a PE ratio of 22.29 and a beta of 0.99. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $19.04.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The business had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. During the same period in the prior year, the business earned $0.21 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio is currently 103.45%.

Analysts Set New Price Targets

AM has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research 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.

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