Edgestream Partners L.P. Purchases Shares of 128,565 Antero Midstream Co. (NYSE:AM)

Edgestream Partners L.P. purchased a new stake in Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 128,565 shares of the pipeline company’s stock, valued at approximately $1,940,000.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Antero Midstream by 1.5% in the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after purchasing an additional 160,593 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $91,549,000 after purchasing an additional 251,987 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 last quarter. JPMorgan Chase & Co. increased its holdings 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 last quarter. Finally, FMR LLC increased its holdings 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 last quarter. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

AM has been the topic of a number of recent analyst reports. 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 report on Tuesday, February 18th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday.

Antero Midstream Price Performance

NYSE:AM opened at $16.46 on Monday. Antero Midstream Co. has a one year low of $13.12 and a one year high of $17.19. The company has a market cap of $7.88 billion, a P/E ratio of 19.83 and a beta of 2.33. The firm’s fifty day moving average price is $16.14 and its two-hundred day moving average price is $15.46. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 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 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.47%. Antero Midstream’s dividend payout ratio is currently 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.