Invesco Ltd. Has $453.38 Million Holdings in Antero Midstream Co. (NYSE:AM)

Invesco Ltd. reduced its stake in shares of Antero Midstream Co. (NYSE:AM) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,044,799 shares of the pipeline company’s stock after selling 222,854 shares during the period. Invesco Ltd. owned about 0.06% of Antero Midstream worth $453,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC boosted its stake in Antero Midstream by 315.3% in the fourth quarter. Cerity Partners LLC now owns 165,449 shares of the pipeline company’s stock valued at $2,496,000 after acquiring an additional 125,607 shares during the last quarter. Waterloo Capital L.P. lifted its position in shares of Antero Midstream by 9.9% during the 4th quarter. Waterloo Capital L.P. now owns 134,645 shares of the pipeline company’s stock valued at $2,032,000 after buying an additional 12,083 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Antero Midstream by 11.1% during the 4th quarter. Russell Investments Group Ltd. now owns 23,184 shares of the pipeline company’s stock worth $350,000 after acquiring an additional 2,309 shares during the period. Envestnet Asset Management Inc. increased its holdings in Antero Midstream by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 492,735 shares of the pipeline company’s stock worth $7,435,000 after acquiring an additional 2,649 shares during the last quarter. Finally, ExodusPoint Capital Management LP raised its stake in Antero Midstream by 247.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 405,572 shares of the pipeline company’s stock valued at $6,120,000 after acquiring an additional 288,946 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Wells Fargo & Company lifted 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.

Antero Midstream Price Performance

Antero Midstream stock opened at $15.96 on Wednesday. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 19.22 and a beta of 1.99. 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 business has a 50-day simple moving average of $16.84 and a 200 day simple moving average of $15.89. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.49.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts forecast 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. Shareholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.64%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 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.