California Public Employees Retirement System Has $4.49 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

California Public Employees Retirement System lifted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 96.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,534 shares of the pipeline company’s stock after buying an additional 176,286 shares during the period. California Public Employees Retirement System’s holdings in Antero Midstream were worth $4,492,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in Antero Midstream by 0.4% in the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock valued at $401,745,000 after purchasing an additional 135,163 shares during the last quarter. RR Advisors LLC lifted its stake in Antero Midstream by 2.9% in the 3rd quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock valued at $72,785,000 after purchasing an additional 169,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Antero Midstream by 9.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,503,015 shares of the pipeline company’s stock valued at $41,966,000 after purchasing an additional 309,126 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in Antero Midstream by 2.1% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 2,265,000 shares of the pipeline company’s stock valued at $27,135,000 after purchasing an additional 46,600 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Antero Midstream by 2.0% in the 3rd quarter. American Century Companies Inc. now owns 1,854,749 shares of the pipeline company’s stock valued at $22,220,000 after purchasing an additional 36,374 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their target price for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Trading Up 1.4 %

Shares of AM stock opened at $14.15 on Friday. The firm has a 50 day moving average price of $13.82 and a two-hundred day moving average price of $12.98. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $6.81 billion, a PE ratio of 17.69 and a beta of 2.26. Antero Midstream Co. has a 12-month low of $10.09 and a 12-month high of $14.52.

Antero Midstream (NYSE:AM) last announced its earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts predict that Antero Midstream Co. will post 0.89 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.36%. Antero Midstream’s dividend payout ratio is presently 112.50%.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the transaction, the insider now directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

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.