Intech Investment Management LLC Grows Stock Holdings in Antero Midstream Co. (NYSE:AM)

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

Several other institutional investors have also modified their holdings of the company. State Street Corp lifted its position 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 acquiring an additional 160,593 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 251,987 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Antero Midstream by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company’s stock valued at $57,769,000 after acquiring an additional 37,787 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after acquiring an additional 203,967 shares during the last quarter. Finally, FMR LLC lifted its position in Antero Midstream by 121.9% in the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after acquiring an additional 600,208 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Trading Up 1.3 %

NYSE AM opened at $17.69 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 firm has a market cap of $8.46 billion, a PE ratio of 21.31 and a beta of 2.33. Antero Midstream Co. has a one year low of $13.12 and a one year high of $17.75. The firm’s fifty day moving average is $16.42 and its two-hundred day moving average is $15.59.

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

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid 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 dividend yield of 5.09%. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

Analysts Set New Price Targets

A number of research analysts have commented on AM shares. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

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.