Balyasny Asset Management L.P. Has $15.51 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

Balyasny Asset Management L.P. grew its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 7,769.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,028,014 shares of the pipeline company's stock after purchasing an additional 1,014,951 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.21% of Antero Midstream worth $15,513,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. boosted its stake in Antero Midstream by 58.6% in 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 period. TD Waterhouse Canada Inc. lifted its position in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares during the last quarter. Blue Trust Inc. raised its position in shares of Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after buying an additional 1,962 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after buying an additional 951 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Analysts Set New Price Targets

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

Antero Midstream Trading Up 1.4%

AM stock traded up $0.26 during midday trading on Tuesday, reaching $18.45. The company's stock had a trading volume of 600,434 shares, compared to its average volume of 3,459,691. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $18.60. The stock has a market cap of $8.84 billion, a PE ratio of 22.23 and a beta of 0.99. 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 business's 50-day simple moving average is $17.14 and its 200-day simple moving average is $16.19.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm's quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.88%. Antero Midstream's payout ratio is 103.45%.

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.