MetLife Investment Management LLC Has $2.95 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

MetLife Investment Management LLC raised its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 195,670 shares of the pipeline company's stock after purchasing an additional 15,624 shares during the quarter. MetLife Investment Management LLC's holdings in Antero Midstream were worth $2,953,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new stake in Antero Midstream during the third quarter valued at approximately $680,000. JPMorgan Chase & Co. grew its holdings in shares of Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after purchasing an additional 203,967 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after buying an additional 1,962 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Antero Midstream in the fourth quarter worth about $451,000. Finally, Birch Capital Management LLC raised its position in Antero Midstream by 1.8% in the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company's stock worth $566,000 after purchasing an additional 655 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Up 3.3 %

Shares of AM stock traded up $0.55 on Friday, hitting $17.42. 1,009,100 shares of the stock were exchanged, compared to its average volume of 2,933,621. The business has a 50-day moving average of $16.97 and a 200 day moving average of $16.04. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.49. The firm has a market capitalization of $8.34 billion, a P/E ratio of 20.97 and a beta of 1.99. 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 (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping 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 firm's revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 108.43%.

Analyst Ratings Changes

A number of research firms have commented on AM. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock 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.

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.