Morningstar Investment Management LLC Has $674,000 Stock Position in Antero Midstream Co. (NYSE:AM)

Morningstar Investment Management LLC decreased its position in Antero Midstream Co. (NYSE:AM) by 35.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,693 shares of the pipeline company’s stock after selling 24,703 shares during the period. Morningstar Investment Management LLC’s holdings in Antero Midstream were worth $674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the period. Jennison Associates LLC boosted its position in shares of Antero Midstream by 128.0% during the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after buying an additional 579,191 shares during the period. Columbus Macro LLC acquired a new stake in shares of Antero Midstream in the fourth quarter valued at approximately $6,977,000. Oppenheimer & Co. Inc. lifted its position in Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock worth $10,338,000 after buying an additional 293,238 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Antero Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after purchasing an additional 251,987 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Trading Down 0.1 %

Shares of Antero Midstream stock opened at $16.77 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $15.78 and a two-hundred day moving average price of $15.25. Antero Midstream Co. has a 52 week low of $12.32 and a 52 week high of $16.99. The stock has a market capitalization of $8.03 billion, a PE ratio of 20.21 and a beta of 2.31.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.37%. Antero Midstream’s dividend payout ratio (DPR) is 108.44%.

Wall Street Analyst Weigh In

AM has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

Antero Midstream Company 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.