7,913 Shares in Antero Midstream Co. (NYSE:AM) Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. acquired a new stake in Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,913 shares of the pipeline company’s stock, valued at approximately $119,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Pictet Asset Management Holding SA raised its holdings in Antero Midstream by 7.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 53,386 shares of the pipeline company’s stock valued at $806,000 after buying an additional 3,888 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Antero Midstream during the fourth quarter valued at about $431,000. Norges Bank purchased a new stake in shares of Antero Midstream during the fourth quarter worth about $62,578,000. Elo Mutual Pension Insurance Co purchased a new position in Antero Midstream during the 4th quarter valued at about $220,000. Finally, EntryPoint Capital LLC bought a new position in Antero Midstream during the 4th quarter valued at approximately $172,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Up 1.4 %

NYSE:AM opened at $18.26 on Wednesday. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $18.41. The company has a market capitalization of $8.74 billion, a PE ratio of 21.99 and a beta of 2.33. The firm’s 50-day moving average price is $16.75 and its 200-day moving average price is $15.81. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. On average, equities analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

Wall Street Analyst Weigh In

Several brokerages have commented on AM. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th.

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.