Quantessence Capital LLC Takes Position in Antero Midstream Co. (NYSE:AM)

Quantessence Capital LLC bought a new position in Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 40,566 shares of the pipeline company's stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AM. Norges Bank acquired a new position in Antero Midstream in the 4th quarter worth approximately $62,578,000. Jennison Associates LLC boosted its position in shares of Antero Midstream by 128.0% in the fourth 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 period. Columbus Macro LLC acquired a new stake in shares of Antero Midstream in the fourth quarter worth $6,977,000. Barclays PLC grew its holdings in shares of Antero Midstream by 32.7% during the fourth 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 in the last quarter. Finally, Covalis Capital LLP acquired a new position in Antero Midstream during the fourth quarter valued at $6,063,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Down 0.6 %

Shares of NYSE:AM traded down $0.10 during midday trading on Friday, hitting $16.88. 1,578,627 shares of the stock were exchanged, compared to its average volume of 2,941,421. The company has a market capitalization of $8.08 billion, a PE ratio of 20.34 and a beta of 1.99. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The business's fifty day simple moving average is $16.93 and its two-hundred day simple moving average is $16.01.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Wednesday, April 23rd. Antero Midstream's dividend payout ratio is 108.43%.

Analysts Set New Price Targets

A number of equities research analysts have commented on AM shares. Wells Fargo & Company raised their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report 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.