BNP Paribas Financial Markets Sells 75,088 Shares of Antero Midstream Co. (NYSE:AM)

BNP Paribas Financial Markets reduced its position in shares of Antero Midstream Co. (NYSE:AM) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 774,266 shares of the pipeline company’s stock after selling 75,088 shares during the quarter. BNP Paribas Financial Markets’ holdings in Antero Midstream were worth $11,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Antero Midstream during the 4th quarter valued at $62,578,000. Northern Trust Corp raised its position in shares of Antero Midstream by 22.5% in the fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company’s stock valued at $61,950,000 after purchasing an additional 753,939 shares during the period. Jennison Associates LLC lifted its stake in shares of Antero Midstream by 128.0% during the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after buying an additional 579,191 shares during the last quarter. Columbus Macro LLC bought a new stake in shares of Antero Midstream during the 4th quarter worth about $6,977,000. Finally, Barclays PLC grew its stake in Antero Midstream by 32.7% in 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 during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $18.07 on Friday. 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 stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 21.77 and a beta of 0.99. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The company has a 50-day simple moving average of $17.11 and a two-hundred day simple moving average of $16.16.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream’s payout ratio is currently 103.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

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.