Advisors Asset Management Inc. trimmed its position in shares of Antero Midstream Co. (NYSE:AM – Get Rating) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,301,503 shares of the pipeline company's stock after selling 37,338 shares during the period. Advisors Asset Management Inc.'s holdings in Antero Midstream were worth $11,948,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position 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 purchasing an additional 2,743,230 shares during the last quarter. Vanguard Group Inc. grew its position in Antero Midstream by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 31,315,528 shares of the pipeline company's stock valued at $340,399,000 after purchasing an additional 265,763 shares during the last quarter. State Street Corp grew its position in Antero Midstream by 1.1% during the 2nd quarter. State Street Corp now owns 9,461,914 shares of the pipeline company's stock valued at $85,630,000 after purchasing an additional 100,637 shares during the last quarter. Clearbridge Investments LLC grew its position in Antero Midstream by 7.6% during the 2nd quarter. Clearbridge Investments LLC now owns 5,834,793 shares of the pipeline company's stock valued at $52,805,000 after purchasing an additional 412,500 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Antero Midstream by 51.3% during the 1st quarter. First Trust Advisors LP now owns 5,221,579 shares of the pipeline company's stock valued at $56,759,000 after purchasing an additional 1,769,545 shares during the last quarter. 52.21% of the stock is owned by hedge funds and other institutional investors.
Get Antero Midstream alerts:Antero Midstream Stock Performance
AM opened at $10.62 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.42. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 15.85 and a beta of 2.40. The company's 50 day moving average is $10.91 and its 200 day moving average is $10.45. Antero Midstream Co. has a 12-month low of $8.56 and a 12-month high of $11.61.
Antero Midstream Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date of this dividend is Tuesday, January 24th. Antero Midstream's payout ratio is 134.33%.Wall Street Analysts Forecast Growth
Several analysts recently commented on AM shares. Morgan Stanley increased their price objective on shares of Antero Midstream from $11.00 to $12.00 and gave the company an "underweight" rating in a research report on Monday, January 9th. TheStreet raised shares of Antero Midstream from a "c" rating to a "b-" rating in a report on Monday, November 28th. 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 raised 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 analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.00.
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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