Two Sigma Investments LP Grows Stake in Antero Midstream Co. (NYSE:AM)

Two Sigma Investments LP boosted its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 86.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 185,053 shares of the pipeline company's stock after acquiring an additional 85,653 shares during the quarter. Two Sigma Investments LP's holdings in Antero Midstream were worth $2,792,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Antero Midstream during the 4th quarter worth approximately $62,578,000. SIR Capital Management L.P. bought a new position in shares of Antero Midstream during the 4th quarter worth approximately $35,058,000. Balyasny Asset Management L.P. lifted its position in shares of Antero Midstream by 7,769.7% during the 4th 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 in the last quarter. Northern Trust Corp lifted its position in shares of Antero Midstream by 22.5% during the 4th 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 in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Antero Midstream by 128.0% during the 4th 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 in the last quarter. Institutional investors own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AM shares. Morgan Stanley lifted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "underweight" rating in a research report on Tuesday. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th.

Antero Midstream Stock Performance

Shares of NYSE:AM traded down $0.34 during mid-day trading on Wednesday, reaching $18.53. The company had a trading volume of 2,511,367 shares, compared to its average volume of 2,924,945. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 22.33 and a beta of 0.99. The company's 50-day moving average price is $17.61 and its 200-day moving average price is $16.61. Antero Midstream Co. has a one year low of $13.12 and a one year high of $19.89.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping 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 company had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the previous year, the firm posted $0.21 EPS. Antero Midstream's revenue was up 4.3% on a year-over-year basis. 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 firm 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 was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.86%. Antero Midstream's payout ratio is 103.45%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, the director now owns 73,645 shares of the company's stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.61% of the company's stock.

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.