Teachers Retirement System of The State of Kentucky Sells 5,180 Shares of Antero Midstream Co. (NYSE:AM)

Teachers Retirement System of The State of Kentucky decreased its holdings in Antero Midstream Co. (NYSE:AM) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,584 shares of the pipeline company’s stock after selling 5,180 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Antero Midstream were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Antero Midstream in the 4th quarter valued at approximately $62,578,000. Jennison Associates LLC raised its holdings in Antero Midstream by 128.0% in the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after purchasing an additional 579,191 shares in the last quarter. Columbus Macro LLC purchased a new position in Antero Midstream during the fourth quarter valued at $6,977,000. Barclays PLC boosted its holdings in shares of Antero Midstream by 32.7% during the 4th quarter. Barclays PLC now owns 1,770,853 shares of the pipeline company’s stock valued at $26,722,000 after buying an additional 436,091 shares in the last quarter. Finally, Covalis Capital LLP bought a new position in shares of Antero Midstream in the 4th quarter worth about $6,063,000. Institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of recent research reports. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th.

Antero Midstream Price Performance

AM opened at $16.88 on Friday. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.49. The stock has a 50-day moving average price of $16.93 and a 200-day moving average price of $16.01. The firm has a market cap of $8.08 billion, a PE ratio of 20.34 and a beta of 1.99. 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 issued 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%. Sell-side analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 5.33%. Antero Midstream’s dividend payout ratio is 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.