Voya Investment Management LLC Has $4.35 Million Stake in Antero Midstream Co. (NYSE:AM)

Voya Investment Management LLC boosted its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 228.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,933 shares of the pipeline company's stock after acquiring an additional 200,327 shares during the quarter. Voya Investment Management LLC owned 0.06% of Antero Midstream worth $4,345,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AM. Birch Capital Management LLC increased its position in shares of Antero Midstream by 1.8% during 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 in the last quarter. KPP Advisory Services LLC grew its stake in Antero Midstream by 3.0% during the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock worth $361,000 after buying an additional 700 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Antero Midstream by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock worth $227,000 after buying an additional 724 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Antero Midstream by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company's stock valued at $298,000 after acquiring an additional 821 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Antero Midstream by 0.8% in the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock worth $1,581,000 after acquiring an additional 824 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Up 0.9 %

AM stock traded up $0.17 during trading on Wednesday, hitting $17.68. The company had a trading volume of 407,660 shares, compared to its average volume of 2,945,251. The firm has a 50-day moving average price of $17.05 and a 200-day moving average price of $16.10. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49. 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 stock has a market cap of $8.47 billion, a price-to-earnings ratio of 21.26 and a beta of 0.99.

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 (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business 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 firm'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 firm posted $0.21 earnings per share. As a group, analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Analysts Set New Price Targets

Several equities analysts have issued reports on AM shares. 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 upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.

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.