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

Price T Rowe Associates Inc. MD lifted its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,661 shares of the pipeline company's stock after acquiring 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.

A number of other large investors have also recently made changes to their positions in the stock. Birch Capital Management LLC raised its position in Antero Midstream by 1.8% during the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company's stock valued at $566,000 after purchasing an additional 655 shares in the last quarter. KPP Advisory Services LLC increased its holdings in Antero Midstream by 3.0% during the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock valued at $361,000 after purchasing an additional 700 shares during the period. CIBC Asset Management Inc increased its holdings in Antero Midstream by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock valued at $227,000 after purchasing an additional 724 shares during the period. Metis Global Partners LLC increased its holdings in Antero Midstream by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company's stock valued at $298,000 after purchasing an additional 821 shares during the period. Finally, Arizona State Retirement System boosted its position in Antero Midstream by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock valued at $1,581,000 after acquiring an additional 824 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Performance

Shares of NYSE:AM traded up $0.26 during midday trading on Friday, hitting $18.07. The company had a trading volume of 2,407,454 shares, compared to its average volume of 2,942,753. 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 $8.66 billion, a price-to-earnings ratio of 21.77 and a beta of 0.99. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49. The company has a fifty day moving average of $17.11 and a two-hundred day moving average of $16.16.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business's revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's payout ratio is 103.45%.

Wall Street Analysts Forecast Growth

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