Voya Investment Management LLC Raises Stock Holdings in Antero Midstream Co. (NYSE:AM)

Voya Investment Management LLC grew its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 228.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 about 0.06% of Antero Midstream worth $4,345,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AM. World Investment Advisors LLC purchased a new position in shares of Antero Midstream in the third quarter worth approximately $680,000. JPMorgan Chase & Co. increased its stake in shares of Antero Midstream by 12.0% in 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 in the last quarter. GAMMA Investing LLC raised its holdings in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after acquiring an additional 1,962 shares during the period. Everence Capital Management Inc. bought a new stake in Antero Midstream during the 4th quarter valued at approximately $451,000. Finally, Birch Capital Management LLC raised its position in shares of 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 buying an additional 655 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Performance

NYSE:AM opened at $16.88 on Friday. The firm has a market capitalization of $8.08 billion, a PE ratio of 20.33 and a beta of 1.99. The stock's fifty day moving average is $16.97 and its 200 day moving average is $16.04. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.49. 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 announced its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share 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 for the quarter, compared to the consensus estimate of $277.79 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business's revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.33%. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.

Analysts Set New Price Targets

AM has been the topic of a number of research analyst reports. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company boosted 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.

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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