Antero Midstream Co. (NYSE:AM) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Antero Midstream Co. (NYSE:AM) by 153.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 233,957 shares of the pipeline company’s stock after buying an additional 141,689 shares during the quarter. Intech Investment Management LLC’s holdings in Antero Midstream were worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Antero Midstream by 1.5% during the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after buying an additional 160,593 shares during the period. Geode Capital Management LLC grew its position in Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after buying an additional 251,987 shares during the period. Charles Schwab Investment Management Inc. grew its position in Antero Midstream by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company’s stock worth $57,769,000 after buying an additional 37,787 shares during the period. JPMorgan Chase & Co. grew its position in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after buying an additional 203,967 shares during the period. Finally, FMR LLC grew its position in 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 buying an additional 600,208 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Up 1.3 %

Shares of NYSE AM opened at $17.69 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $8.46 billion, a PE ratio of 21.31 and a beta of 2.33. The firm’s 50-day moving average is $16.42 and its two-hundred day moving average is $15.59. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $17.75.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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%. Equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

Analysts Set New Price Targets

Several brokerages have weighed in on AM. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Wells Fargo & Company upped their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream 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.