Clearbridge Investments LLC Has $102.39 Million Position in Antero Midstream Co. (NYSE:AM)

Clearbridge Investments LLC lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 1.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 7,282,393 shares of the pipeline company’s stock after purchasing an additional 84,000 shares during the quarter. Clearbridge Investments LLC’s holdings in Antero Midstream were worth $102,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Antero Midstream by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after acquiring an additional 193,263 shares in the last quarter. Norges Bank bought a new stake in Antero Midstream during the fourth quarter worth about $54,704,000. Charles Schwab Investment Management Inc. raised its holdings in Antero Midstream by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock worth $45,141,000 after acquiring an additional 99,592 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in Antero Midstream by 30.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock worth $41,607,000 after acquiring an additional 694,243 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Antero Midstream by 18.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,932,935 shares of the pipeline company’s stock worth $41,237,000 after acquiring an additional 452,535 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

NYSE:AM traded down $0.46 on Wednesday, hitting $14.56. The company’s stock had a trading volume of 3,292,152 shares, compared to its average volume of 2,610,088. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average of $14.65 and a two-hundred day moving average of $13.75. The firm has a market capitalization of $7.01 billion, a P/E ratio of 18.46 and a beta of 2.38. Antero Midstream Co. has a one year low of $11.50 and a one year high of $15.21.

Antero Midstream (NYSE:AM) last posted its earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The firm had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. During the same period in the previous year, the company posted $0.21 EPS. Antero Midstream’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts predict that Antero Midstream Co. will post 0.88 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Wednesday, July 24th. Antero Midstream’s payout ratio is 112.50%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Antero Midstream has a consensus rating of “Moderate Buy” and an average price target of $13.17.

About Antero Midstream

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.