Retirement Systems of Alabama grew its holdings in shares of Antero Midstream Co. (NYSE:AM – Get Rating) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 438,472 shares of the pipeline company's stock after buying an additional 9,895 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Antero Midstream worth $4,025,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its stake in Antero Midstream by 9.1% during the 1st quarter. BlackRock Inc. now owns 32,917,158 shares of the pipeline company's stock valued at $357,809,000 after acquiring an additional 2,743,230 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Antero Midstream by 0.9% during the first quarter. Vanguard Group Inc. now owns 31,315,528 shares of the pipeline company's stock worth $340,399,000 after purchasing an additional 265,763 shares during the last quarter. State Street Corp grew its stake in Antero Midstream by 1.1% in the second quarter. State Street Corp now owns 9,461,914 shares of the pipeline company's stock worth $85,630,000 after purchasing an additional 100,637 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Antero Midstream by 7.6% in the second quarter. Clearbridge Investments LLC now owns 5,834,793 shares of the pipeline company's stock valued at $52,805,000 after buying an additional 412,500 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Antero Midstream by 51.3% during the first quarter. First Trust Advisors LP now owns 5,221,579 shares of the pipeline company's stock valued at $56,759,000 after buying an additional 1,769,545 shares in the last quarter. Institutional investors and hedge funds own 52.21% of the company's stock.
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Antero Midstream Price Performance
Shares of NYSE AM opened at $10.74 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $5.14 billion, a PE ratio of 16.03 and a beta of 2.42. Antero Midstream Co. has a 1-year low of $8.56 and a 1-year high of $11.61. The business's fifty day moving average price is $10.92 and its two-hundred day moving average price is $10.44.
Antero Midstream Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be given a $0.225 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $0.90 annualized dividend and a yield of 8.38%. Antero Midstream's dividend payout ratio is presently 134.33%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on AM shares. TheStreet upgraded Antero Midstream from a "c" rating to a "b-" rating in a research report on Monday, November 28th. Morgan Stanley lifted their price objective on shares of Antero Midstream from $11.00 to $12.00 and gave the stock an "underweight" rating in a report on Monday, January 9th. StockNews.com started coverage on shares of Antero Midstream in a report on Wednesday, October 12th. They set a "hold" rating on the stock. Finally, Barclays lifted their price target on shares of Antero Midstream from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Wednesday, January 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.00.
Antero Midstream Profile
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Antero Midstream Corp. owns, operates, and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the Gathering and Processing segment and Water Handling segment. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.
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