Teacher Retirement System of Texas Reduces Holdings in Antero Midstream Co. (NYSE:AM)

Teacher Retirement System of Texas reduced its position in Antero Midstream Co. (NYSE:AM) by 64.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 113,151 shares of the pipeline company’s stock after selling 200,996 shares during the period. Teacher Retirement System of Texas’ holdings in Antero Midstream were worth $1,707,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AM. Financial Management Professionals Inc. grew its position in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Antero Midstream during the third quarter worth about $48,000. Blue Trust Inc. increased its position in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after acquiring an additional 2,612 shares during the period. GAMMA Investing LLC raised its stake in Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after acquiring an additional 951 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AM. Wells Fargo & Company increased their price target 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 downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th.

Antero Midstream Stock Down 0.5 %

AM opened at $17.92 on Friday. The business’s fifty day simple moving average is $16.66 and its 200 day simple moving average is $15.72. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.30. The firm has a market cap of $8.57 billion, a P/E ratio of 21.58 and a beta of 2.33. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.02%. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

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.