GAMMA Investing LLC Has $2.77 Million Holdings in Antero Midstream Co. (NYSE:AM)

GAMMA Investing LLC lifted its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 2,311.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,666 shares of the pipeline company's stock after purchasing an additional 147,294 shares during the quarter. GAMMA Investing LLC's holdings in Antero Midstream were worth $2,766,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its stake in shares of Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after buying an additional 963 shares in the last quarter. Blue Trust Inc. grew its holdings in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after acquiring an additional 2,612 shares during the period. Allworth Financial LP raised its position in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after acquiring an additional 951 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Antero Midstream in the 4th quarter valued at about $119,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Antero Midstream by 5,787.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock valued at $124,000 after acquiring an additional 8,102 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 73,645 shares in the company, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE:AM remained flat at $18.25 during midday trading on Friday. The company had a trading volume of 2,640,650 shares, compared to its average volume of 2,928,575. The company has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $16.73. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 21.99 and a beta of 1.03. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.09. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last announced 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 company 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 earnings per share. The business's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's payout ratio is 103.45%.

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.