Antero Midstream Co. (NYSE:AM) Shares Sold by United Services Automobile Association

United Services Automobile Association lessened its holdings in shares of Antero Midstream Co. (NYSE:AM) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,529 shares of the pipeline company’s stock after selling 758 shares during the quarter. United Services Automobile Association’s holdings in Antero Midstream were worth $340,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. FMR LLC boosted 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 acquiring an additional 600,208 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Antero Midstream by 128.0% during the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after purchasing an additional 579,191 shares during the last quarter. Columbus Macro LLC purchased a new stake in shares of Antero Midstream in the fourth quarter valued at approximately $6,977,000. Raymond James Financial Inc. acquired a new stake in shares of Antero Midstream in the fourth quarter valued at approximately $5,722,000. Finally, Geode Capital Management LLC lifted 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 in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

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

Antero Midstream Price Performance

NYSE:AM opened at $17.99 on Tuesday. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.11. The stock’s fifty day moving average is $16.55 and its two-hundred day moving average is $15.66. The company has a market capitalization of $8.61 billion, a P/E ratio of 21.67 and a beta of 2.33. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last issued 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 expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.00%. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

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.