UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Antero Midstream Co. (NYSE:AM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Antero Midstream Co. (NYSE:AM - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 902,747 shares of the pipeline company's stock after acquiring an additional 32,713 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Antero Midstream worth $13,622,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised 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 valued at $85,000 after purchasing an additional 963 shares in the last quarter. Blue Trust Inc. increased its holdings in Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares during the last quarter. Allworth Financial LP increased its holdings in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after buying an additional 951 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Antero Midstream in the fourth quarter valued at $119,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in 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 worth $124,000 after buying an additional 8,102 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business's 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 transaction, the director now directly owns 73,645 shares of the company's stock, valued at approximately $1,390,417.60. The trade was 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. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

AM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. 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 report on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "underweight" rating in a report on Tuesday.

Antero Midstream Stock Performance

NYSE AM traded down $0.11 during trading hours on Tuesday, hitting $18.88. The company had a trading volume of 2,657,503 shares, compared to its average volume of 2,925,485. The business has a 50 day moving average of $17.60 and a 200-day moving average of $16.60. The company has a market cap of $9.05 billion, a PE ratio of 22.75 and a beta of 0.99. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $19.09. 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 posted its earnings results 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. The business had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. As a group, equities research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors 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 yield of 4.77%. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

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.