Public Employees Retirement Association of Colorado Has $532,000 Stake in Antero Midstream Co. (NYSE:AM)

Public Employees Retirement Association of Colorado lowered its holdings in shares of Antero Midstream Co. (NYSE:AM) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,223 shares of the pipeline company’s stock after selling 3,348 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Antero Midstream were worth $532,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its stake in shares of Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after buying an additional 963 shares in the last quarter. Blue Trust Inc. raised its position in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after buying an additional 2,612 shares during the last quarter. GAMMA Investing LLC lifted its stake in Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 1,962 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after acquiring an additional 951 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Up 2.0 %

NYSE:AM opened at $16.88 on Friday. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 20.33 and a beta of 1.99. 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 Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The stock’s 50 day moving average price is $16.97 and its two-hundred day moving average price is $16.04.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. Equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AM. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report 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.