Wellington Management Group LLP Sells 171,406 Shares of Antero Midstream Co. (NYSE:AM)

Wellington Management Group LLP lowered its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 33.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 341,708 shares of the pipeline company's stock after selling 171,406 shares during the quarter. Wellington Management Group LLP owned 0.07% of Antero Midstream worth $5,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AM. Norges Bank bought a new stake in shares of Antero Midstream during the 4th quarter valued at about $62,578,000. SIR Capital Management L.P. bought a new position in shares of Antero Midstream in the fourth quarter worth approximately $35,058,000. Balyasny Asset Management L.P. grew its holdings in shares of Antero Midstream by 7,769.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock valued at $15,513,000 after buying an additional 1,014,951 shares during the last quarter. Northern Trust Corp boosted its position in shares of Antero Midstream by 22.5% during the fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after buying an additional 753,939 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Antero Midstream by 128.0% during the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after acquiring an additional 579,191 shares during the period. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

AM traded up $0.01 during trading hours on Thursday, hitting $18.54. The company's stock had a trading volume of 1,785,887 shares, compared to its average volume of 2,920,402. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 22.33 and a beta of 0.99. The business's 50-day moving average price is $17.61 and its 200-day moving average price is $16.61. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.09.

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, topping analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. Sell-side analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. 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 4.86%. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Analyst Ratings Changes

Several research firms have recently weighed in on AM. Wells Fargo & Company increased 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. Morgan Stanley upped their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "underweight" rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Insider Activity

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company's stock.

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.