Metis Global Partners LLC Buys 821 Shares of Antero Midstream Co. (NYSE:AM)

Metis Global Partners LLC raised its stake in Antero Midstream Co. (NYSE:AM) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 19,773 shares of the pipeline company’s stock after acquiring an additional 821 shares during the quarter. Metis Global Partners LLC’s holdings in Antero Midstream were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in Antero Midstream by 1.5% in the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after purchasing an additional 160,593 shares in the last quarter. Geode Capital Management LLC increased its stake in Antero Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Antero Midstream by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock valued at $57,047,000 after purchasing an additional 22,936 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 203,967 shares in the last quarter. Finally, FMR LLC increased its position 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 acquiring an additional 600,208 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AM. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday.

Antero Midstream Stock Down 4.0 %

Antero Midstream stock opened at $16.30 on Friday. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $17.19. The stock has a market cap of $7.80 billion, a PE ratio of 19.63 and a beta of 2.31. The firm’s 50-day simple moving average is $16.09 and its 200 day simple moving average is $15.43. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

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

Antero Midstream Dividend Announcement

The company also recently declared 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. This represents a $0.90 annualized dividend and a yield of 5.52%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

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.