Antero Midstream Co. (NYSE:AM) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP trimmed its stake in Antero Midstream Co. (NYSE:AM) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,948,391 shares of the pipeline company’s stock after selling 35,706 shares during the quarter. Antero Midstream makes up 1.0% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 20th largest holding. Kayne Anderson Capital Advisors LP owned about 0.61% of Antero Midstream worth $44,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AM. State Street Corp lifted its position in shares of Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after acquiring an additional 160,593 shares in the last quarter. Geode Capital Management LLC raised its stake in Antero Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Antero Midstream by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company’s stock valued at $57,769,000 after purchasing an additional 37,787 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Antero Midstream by 12.0% in 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 period. Finally, FMR LLC boosted its position in shares of Antero Midstream by 121.9% in 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 period. 53.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.

Antero Midstream Trading Up 0.9 %

NYSE AM opened at $16.87 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $17.19. The firm’s fifty day simple moving average is $16.21 and its 200-day simple moving average is $15.48. The company has a market capitalization of $8.08 billion, a PE ratio of 20.33 and a beta of 2.32.

Antero Midstream (NYSE:AM) last announced its quarterly 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 net margin of 36.24% and a return on equity of 18.82%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.33%. Antero Midstream’s dividend payout ratio is currently 108.43%.

Antero Midstream 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.