GAMMA Investing LLC Increases Stock Holdings in Antero Midstream Co. (NYSE:AM)

GAMMA Investing LLC lifted its position in Antero Midstream Co. (NYSE:AM - Free Report) by 2,311.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,666 shares of the pipeline company's stock after buying an additional 147,294 shares during the period. GAMMA Investing LLC's holdings in Antero Midstream were worth $2,766,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Antero Midstream in the 4th quarter valued at $62,578,000. SIR Capital Management L.P. acquired a new stake in Antero Midstream in the fourth quarter valued at approximately $35,058,000. Balyasny Asset Management L.P. grew its holdings in 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 valued at $15,513,000 after purchasing an additional 1,014,951 shares during the period. Northern Trust Corp grew its holdings in Antero Midstream by 22.5% in the fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after purchasing an additional 753,939 shares during the period. Finally, Barclays PLC grew its holdings in Antero Midstream by 32.7% in the fourth quarter. Barclays PLC now owns 1,770,853 shares of the pipeline company's stock valued at $26,722,000 after purchasing an additional 436,091 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on AM. Morgan Stanley reissued an "underweight" rating and issued a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.

Antero Midstream Price Performance

NYSE:AM traded down $0.11 during trading hours on Monday, reaching $18.17. 2,387,480 shares of the company were exchanged, compared to its average volume of 2,937,972. 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 stock's 50-day moving average is $17.80 and its 200-day moving average is $16.77. The firm has a market cap of $8.71 billion, a PE ratio of 21.90 and a beta of 1.03. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. On average, sell-side analysts anticipate 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 was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Insider Activity

In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the sale, the director now directly owns 73,645 shares in the company, valued at $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company's stock.

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.