The Manufacturers Life Insurance Company lessened its position in Antero Midstream Co. (NYSE:AM – Get Rating) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 334,995 shares of the pipeline company's stock after selling 7,342 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Antero Midstream worth $3,075,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of AM. BlackRock Inc. increased its stake in Antero Midstream by 9.1% in the first quarter. BlackRock Inc. now owns 32,917,158 shares of the pipeline company's stock valued at $357,809,000 after purchasing an additional 2,743,230 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Antero Midstream by 51.3% in 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 during the period. Renaissance Technologies LLC boosted its holdings in shares of Antero Midstream by 102.3% in the first quarter. Renaissance Technologies LLC now owns 1,980,382 shares of the pipeline company's stock valued at $21,527,000 after buying an additional 1,001,677 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in shares of Antero Midstream by 260.8% in the third quarter. Miller Howard Investments Inc. NY now owns 1,283,842 shares of the pipeline company's stock valued at $11,786,000 after buying an additional 928,001 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Antero Midstream by 9,819.1% in the second quarter. Russell Investments Group Ltd. now owns 766,452 shares of the pipeline company's stock valued at $6,935,000 after buying an additional 758,725 shares during the period. Institutional investors own 52.21% of the company's stock.
Get Antero Midstream alerts:Wall Street Analyst Weigh In
Several research firms have recently weighed in on AM. StockNews.com began coverage on shares of Antero Midstream in a report on Wednesday, October 12th. They issued a "hold" rating for the company. TheStreet upgraded shares of Antero Midstream from a "c" rating to a "b-" rating in a report on Monday, November 28th. Barclays upped 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. Finally, Morgan Stanley increased their target price 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Antero Midstream has a consensus rating of "Hold" and an average price target of $12.00.
Antero Midstream Stock Performance
Shares of AM opened at $10.74 on Friday. Antero Midstream Co. has a 12 month low of $8.56 and a 12 month high of $11.61. The firm has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $10.44. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 16.03 and a beta of 2.41. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.42.Antero Midstream Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 8.38%. The ex-dividend date of this dividend is Tuesday, January 24th. Antero Midstream's payout ratio is 134.33%.
Antero Midstream Company 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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