Retirement Systems of Alabama Purchases 1,123 Shares of Antero Midstream Co. (NYSE:AM)

Retirement Systems of Alabama raised its position in shares of Antero Midstream Co. (NYSE:AMFree Report) by 0.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 427,703 shares of the pipeline company’s stock after purchasing an additional 1,123 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Antero Midstream worth $6,014,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AM. Norges Bank bought a new stake in Antero Midstream during the 4th quarter valued at about $54,704,000. BNP Paribas Financial Markets boosted its holdings in shares of Antero Midstream by 1,114.6% during the 4th quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock valued at $8,034,000 after acquiring an additional 588,397 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Antero Midstream by 157.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock valued at $11,619,000 after acquiring an additional 566,604 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Antero Midstream by 50.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,513,473 shares of the pipeline company’s stock valued at $18,964,000 after acquiring an additional 507,577 shares during the last quarter. Finally, MGO One Seven LLC boosted its holdings in shares of Antero Midstream by 1,716.9% during the 4th quarter. MGO One Seven LLC now owns 524,964 shares of the pipeline company’s stock valued at $6,578,000 after acquiring an additional 496,070 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AM has been the topic of a number of recent analyst reports. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their price target for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.70.

Check Out Our Latest Analysis on Antero Midstream

Antero Midstream Price Performance

Shares of NYSE:AM opened at $14.76 on Friday. The company has a market capitalization of $7.10 billion, a P/E ratio of 18.46 and a beta of 2.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. Antero Midstream Co. has a 1-year low of $11.37 and a 1-year high of $15.10. The firm’s 50 day simple moving average is $14.52 and its two-hundred day simple moving average is $13.55.

Antero Midstream (NYSE:AMGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. Research analysts expect that Antero Midstream Co. will post 0.87 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Tuesday, April 23rd. Antero Midstream’s payout ratio is currently 112.50%.

About Antero Midstream

(Free Report)

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.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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