Maryland State Retirement & Pension System Has $4.49 Million Position in Antero Midstream Co. (NYSE:AM)

Maryland State Retirement & Pension System cut its position in Antero Midstream Co. (NYSE:AM) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 297,323 shares of the pipeline company’s stock after selling 6,515 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Antero Midstream were worth $4,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the period. Jennison Associates LLC boosted its holdings in shares of Antero Midstream by 128.0% in the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock valued at $15,566,000 after buying an additional 579,191 shares during the period. Columbus Macro LLC bought a new stake in shares of Antero Midstream during the fourth quarter worth $6,977,000. Raymond James Financial Inc. bought a new stake in Antero Midstream in the 4th quarter valued at $5,722,000. Finally, Geode Capital Management LLC boosted its stake in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after purchasing an additional 251,987 shares during the period. 53.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AM. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company boosted their target price on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Up 1.3 %

Shares of AM stock opened at $17.69 on Thursday. The firm’s fifty day moving average price is $16.42 and its two-hundred day moving average price is $15.59. 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 $17.75. The firm has a market capitalization of $8.46 billion, a P/E ratio of 21.31 and a beta of 2.33.

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, equities analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 yield of 5.09%. Antero Midstream’s payout ratio is 108.43%.

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.