American Century Companies Inc. Acquires 73,496 Shares of Antero Midstream Co. (NYSE:AM)

American Century Companies Inc. boosted its stake in shares of Antero Midstream Co. (NYSE:AM) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,085,697 shares of the pipeline company’s stock after purchasing an additional 73,496 shares during the quarter. American Century Companies Inc. owned about 0.43% of Antero Midstream worth $31,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AM. Charles Schwab Investment Management Inc. boosted its holdings in shares of Antero Midstream by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after buying an additional 22,936 shares during the period. Citigroup Inc. lifted its position in Antero Midstream by 1.2% during the third quarter. Citigroup Inc. now owns 670,894 shares of the pipeline company’s stock worth $10,097,000 after acquiring an additional 7,790 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Antero Midstream by 26.2% during the third quarter. Cerity Partners LLC now owns 39,842 shares of the pipeline company’s stock worth $600,000 after acquiring an additional 8,271 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Antero Midstream by 19.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 26,721 shares of the pipeline company’s stock valued at $403,000 after purchasing an additional 4,316 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Antero Midstream by 40.4% during the third quarter. Bank of Montreal Can now owns 415,763 shares of the pipeline company’s stock worth $6,241,000 after purchasing an additional 119,633 shares during the period. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Performance

NYSE:AM opened at $17.95 on Friday. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 21.62 and a beta of 2.33. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.30. 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 stock has a fifty day moving average price of $16.69 and a 200-day moving average price of $15.74.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data 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%. As a group, equities 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. Investors of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.02%. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

Analysts Set New Price Targets

AM has been the subject of a number of recent research reports. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

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.