Liberty Mutual Group Asset Management Inc. Buys New Shares in Antero Midstream Co. (NYSE:AM)

Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,312 shares of the pipeline company's stock, valued at approximately $488,000. Antero Midstream comprises about 0.1% of Liberty Mutual Group Asset Management Inc.'s holdings, making the stock its 11th largest holding.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Antero Midstream in the 4th quarter worth about $62,578,000. Balyasny Asset Management L.P. grew its position in Antero Midstream by 7,769.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock worth $15,513,000 after purchasing an additional 1,014,951 shares during the last quarter. Northern Trust Corp grew its position in Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock worth $61,950,000 after purchasing an additional 753,939 shares during the last quarter. Jennison Associates LLC grew its position in Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock worth $15,566,000 after purchasing an additional 579,191 shares during the last quarter. Finally, Columbus Macro LLC bought a new position in Antero Midstream in the 4th quarter worth about $6,977,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

Shares of Antero Midstream stock traded up $0.13 on Friday, hitting $18.98. The company had a trading volume of 2,119,201 shares, compared to its average volume of 2,951,364. The business has a 50-day simple moving average of $17.31 and a 200-day simple moving average of $16.28. 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 has a market cap of $9.10 billion, a PE ratio of 22.87 and a beta of 0.99. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $19.01.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) 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 analysts' expectations of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business's revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Analysts Set New Price Targets

AM has been the subject of several recent analyst reports. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company upped their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.

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.