Great Lakes Advisors LLC Lowers Stock Holdings in Antero Midstream Co. (NYSE:AM)

Great Lakes Advisors LLC lessened its holdings in Antero Midstream Co. (NYSE:AM) by 98.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,111 shares of the pipeline company’s stock after selling 870,272 shares during the period. Great Lakes Advisors LLC’s holdings in Antero Midstream were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in Antero Midstream by 121.9% in the 3rd 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 in the last quarter. 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 acquiring an additional 579,191 shares during the last quarter. Columbus Macro LLC purchased a new position in Antero Midstream during the fourth quarter valued at $6,977,000. Raymond James Financial Inc. bought a new stake in Antero Midstream in the 4th quarter valued at $5,722,000. Finally, Geode Capital Management LLC lifted its stake in Antero Midstream by 4.3% in 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 in the last quarter. 53.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AM shares. Wells Fargo & Company lifted their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday.

Antero Midstream Stock Up 0.5 %

Shares of NYSE AM opened at $17.01 on Monday. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 20.49 and a beta of 2.33. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $17.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm’s 50-day moving average price is $16.30 and its 200-day moving average price is $15.53.

Antero Midstream (NYSE:AM) last posted 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%. On average, equities research 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. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.29%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

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.