Liberty Mutual Group Asset Management Inc. Invests $488,000 in Antero Midstream Co. (NYSE:AM)

Liberty Mutual Group Asset Management Inc. purchased a new position in shares of Antero Midstream Co. (NYSE:AM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,312 shares of the pipeline company’s stock, valued at approximately $488,000. Antero Midstream makes up about 0.1% of Liberty Mutual Group Asset Management Inc.’s holdings, making the stock its 11th largest position.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock worth $541,250,000 after buying an additional 96,788 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Antero Midstream by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company’s stock worth $137,516,000 after acquiring an additional 71,361 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Antero Midstream by 2.0% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company’s stock worth $106,680,000 after acquiring an additional 135,886 shares during the last quarter. Geode Capital Management LLC grew its position in Antero Midstream by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company’s stock worth $92,174,000 after acquiring an additional 25,001 shares during the last quarter. Finally, Norges Bank bought a new stake in Antero Midstream during the 4th quarter worth $62,578,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AM. Wells Fargo & Company boosted their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd.

Antero Midstream Trading Up 1.5%

Shares of AM stock opened at $18.07 on Monday. The firm has a market capitalization of $8.66 billion, a P/E ratio of 21.77 and a beta of 0.99. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock’s fifty day simple moving average is $17.11 and its 200 day simple moving average is $16.16.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.98%. Antero Midstream’s dividend payout ratio (DPR) is presently 103.45%.

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.