Susquehanna Fundamental Investments LLC Buys Shares of 372,893 Antero Midstream Co. (NYSE:AM)

Susquehanna Fundamental Investments LLC bought a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 372,893 shares of the pipeline company's stock, valued at approximately $5,627,000. Susquehanna Fundamental Investments LLC owned 0.08% of Antero Midstream at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Guild Investment Management Inc. purchased a new position in shares of Antero Midstream in the fourth quarter valued at approximately $1,883,000. JPMorgan Chase & Co. lifted its stake in shares of Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after buying an additional 203,967 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Antero Midstream by 45.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock valued at $1,882,000 after acquiring an additional 39,048 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Antero Midstream during the 4th quarter worth approximately $226,000. Finally, Empowered Funds LLC grew its position in shares of Antero Midstream by 4.3% in the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after purchasing an additional 1,751 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.

Antero Midstream Stock Up 3.8 %

Antero Midstream stock traded up $0.64 during trading on Friday, reaching $17.51. The stock had a trading volume of 3,920,983 shares, compared to its average volume of 2,947,257. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.49. The business has a 50 day moving average price of $17.00 and a 200 day moving average price of $16.06. 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 cap of $8.38 billion, a PE ratio of 21.09 and a beta of 1.99.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The company had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. During the same period in the previous year, the company posted $0.21 EPS. Antero Midstream's revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.14%. Antero Midstream's payout ratio is currently 108.43%.

About Antero Midstream

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.