Crestline Management LP Invests $859,000 in Antero Midstream Co. (NYSE:AM)

Crestline Management LP purchased a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 56,954 shares of the pipeline company's stock, valued at approximately $859,000.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Antero Midstream in the fourth quarter worth about $62,578,000. Balyasny Asset Management L.P. increased its holdings in shares of Antero Midstream by 7,769.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock worth $15,513,000 after buying an additional 1,014,951 shares during the period. Northern Trust Corp increased its holdings in shares of Antero Midstream by 22.5% in the fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock worth $61,950,000 after buying an additional 753,939 shares during the period. Jennison Associates LLC increased its holdings 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. Finally, Columbus Macro LLC purchased a new position in shares of Antero Midstream in the fourth quarter worth about $6,977,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Trading Up 0.9%

NYSE:AM traded up $0.17 during mid-day trading on Thursday, reaching $18.75. 645,090 shares of the company's stock traded hands, compared to its average volume of 2,935,640. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.77. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 22.57 and a beta of 0.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50 day moving average price of $17.22 and a 200-day moving average price of $16.22.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping 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 firm had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same period last year, the company posted $0.21 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders 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 4.80%. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Wall Street Analysts Forecast Growth

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

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.