Northern Trust Corp Has $61.95 Million Stake in Antero Midstream Co. (NYSE:AM)

Northern Trust Corp lifted its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,105,379 shares of the pipeline company's stock after purchasing an additional 753,939 shares during the period. Northern Trust Corp owned approximately 0.85% of Antero Midstream worth $61,950,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its holdings in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 1,000 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares in the last quarter. Blue Trust Inc. grew its stake in Antero Midstream by 84.3% during the fourth 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 during the last quarter. GAMMA Investing LLC increased its holdings in shares of Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after buying an additional 1,962 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of 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 acquiring an additional 951 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Trading Up 1.5 %

Shares of NYSE AM traded up $0.26 during midday trading on Friday, hitting $18.07. The stock had a trading volume of 2,407,454 shares, compared to its average volume of 2,939,532. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. 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 cap of $8.66 billion, a P/E ratio of 21.77 and a beta of 0.99. The company's 50-day simple moving average is $17.11 and its 200 day simple moving average is $16.15.

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, beating analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. During the same period in the prior year, the company posted $0.21 EPS. The company's revenue was up 4.3% compared to the same quarter last year. Research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current 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. This represents a $0.90 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's payout ratio is 103.45%.

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.