Teachers Retirement System of The State of Kentucky Sells 5,180 Shares of Antero Midstream Co. (NYSE:AM)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Antero Midstream Co. (NYSE:AM) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 106,584 shares of the pipeline company’s stock after selling 5,180 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Antero Midstream were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guild Investment Management Inc. purchased a new position in shares of Antero Midstream in the fourth quarter worth approximately $1,883,000. JPMorgan Chase & Co. boosted its stake in shares of Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after acquiring an additional 203,967 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Antero Midstream by 45.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company’s stock valued at $1,882,000 after acquiring an additional 39,048 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Antero Midstream in the 4th quarter worth $226,000. Finally, Empowered Funds LLC raised its holdings in Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after purchasing an additional 1,751 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.6 %

Shares of Antero Midstream stock opened at $16.88 on Friday. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.49. 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 company has a market capitalization of $8.08 billion, a P/E ratio of 20.34 and a beta of 1.99. The company has a fifty day moving average of $16.93 and a 200 day moving average of $16.01.

Antero Midstream (NYSE:AM) last released its earnings results 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 return on equity of 18.82% and a net margin of 36.24%. On average, sell-side analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.33%. Antero Midstream’s dividend payout ratio is 108.43%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AM shares. Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd.

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.