Liberty Mutual Group Asset Management Inc. Makes New $488,000 Investment in Antero Midstream Co. (NYSE:AM)

Liberty Mutual Group Asset Management Inc. bought a new position in Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,312 shares of the pipeline company's stock, valued at approximately $488,000. Antero Midstream makes up about 0.1% of Liberty Mutual Group Asset Management Inc.'s holdings, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Financial Management Professionals Inc. grew its holdings in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position 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 valued at $85,000 after purchasing an additional 963 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 2,612 shares in the last quarter. Allworth Financial LP grew 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 worth $104,000 after buying an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Antero Midstream in the 4th quarter worth about $119,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Trading Up 1.5%

AM traded up $0.27 during trading on Thursday, reaching $18.85. The company had a trading volume of 1,743,488 shares, compared to its average volume of 2,939,841. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The business has a 50 day simple moving average of $17.22 and a 200-day simple moving average of $16.22. The stock has a market cap of $9.03 billion, a P/E ratio of 22.71 and a beta of 0.99. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.88.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.21 EPS. On average, equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.77%. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Analysts Set New Price Targets

A number of brokerages recently commented on AM. Wells Fargo & Company increased their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report 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.