Brandywine Global Investment Management LLC Grows Stock Holdings in Antero Midstream Co. (NYSE:AM)

Brandywine Global Investment Management LLC increased its stake in Antero Midstream Co. (NYSE:AM) by 36.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 692,373 shares of the pipeline company’s stock after acquiring an additional 186,693 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.14% of Antero Midstream worth $10,448,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Financial Management Professionals Inc. boosted its stake in shares of Antero Midstream by 58.6% during the fourth 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. Blue Trust Inc. raised its stake in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after acquiring an additional 2,612 shares during the last quarter. GAMMA Investing LLC lifted its stake in Antero Midstream by 44.5% during 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 during the period. Allworth Financial LP lifted its holdings in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after acquiring an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in Antero Midstream in the fourth quarter valued at $119,000. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Stock Up 0.4 %

AM stock opened at $18.01 on Tuesday. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.30. The company’s 50 day moving average price is $16.72 and its 200 day moving average price is $15.79. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 21.70 and a beta of 2.33.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data 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 research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.00%. Antero Midstream’s dividend payout ratio (DPR) is currently 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.