Price T Rowe Associates Inc. MD Grows Position in Antero Midstream Co. (NYSE:AM)

Price T Rowe Associates Inc. MD grew its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 209,661 shares of the pipeline company's stock after purchasing an additional 17,198 shares during the period. Price T Rowe Associates Inc. MD's holdings in Antero Midstream were worth $3,164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Antero Midstream during the fourth quarter worth $62,578,000. Jennison Associates LLC increased its position in shares of Antero Midstream by 128.0% in the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after buying an additional 579,191 shares in the last quarter. Columbus Macro LLC purchased a new stake in shares of Antero Midstream in the 4th quarter worth about $6,977,000. Barclays PLC grew its stake in Antero Midstream by 32.7% in the 4th quarter. Barclays PLC now owns 1,770,853 shares of the pipeline company's stock valued at $26,722,000 after acquiring an additional 436,091 shares during the last quarter. Finally, Covalis Capital LLP purchased a new position in Antero Midstream during the 4th quarter valued at about $6,063,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

Shares of AM opened at $17.54 on Tuesday. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.49. The company's 50 day simple moving average is $17.02 and its 200 day simple moving average is $16.09. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 21.13 and a beta of 0.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly 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 company had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.13%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Analyst Upgrades and Downgrades

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

Antero Midstream 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.

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