Two Sigma Advisers LP raised its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,000 shares of the pipeline company's stock after purchasing an additional 51,300 shares during the period. Two Sigma Advisers LP owned about 0.07% of Antero Midstream worth $4,799,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in AM. First Citizens Bank & Trust Co. increased its holdings in Antero Midstream by 15.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 20,294 shares of the pipeline company's stock valued at $306,000 after buying an additional 2,689 shares during the last quarter. Blue Trust Inc. grew its position in shares of Antero Midstream by 84.3% in the 4th 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 in the last quarter. KBC Group NV grew its position in shares of Antero Midstream by 14.2% in the 4th quarter. KBC Group NV now owns 14,871 shares of the pipeline company's stock worth $224,000 after acquiring an additional 1,854 shares in the last quarter. SeaBridge Investment Advisors LLC raised its position in shares of Antero Midstream by 0.7% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 134,819 shares of the pipeline company's stock valued at $2,034,000 after acquiring an additional 878 shares in the last quarter. Finally, KPP Advisory Services LLC raised its position in shares of Antero Midstream by 3.0% during the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock valued at $361,000 after acquiring an additional 700 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.
Antero Midstream Stock Down 0.4%
Shares of NYSE:AM traded down $0.08 on Friday, reaching $18.78. The company had a trading volume of 362,863 shares, compared to its average volume of 2,921,197. The stock has a market capitalization of $9.00 billion, a P/E ratio of 22.68 and a beta of 0.99. The stock has a 50-day moving average price of $17.54 and a 200 day moving average price of $16.51. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $19.06. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.
Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm 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 business earned $0.21 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Antero Midstream Co. will post 0.95 EPS for the current 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is currently 103.45%.
Analysts Set New Price Targets
A number of equities analysts have commented on AM shares. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Wells Fargo & Company lifted their target price 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.
Read Our Latest Report on AM
Insiders Place Their Bets
In other news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 73,645 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Company insiders own 0.61% of the company's stock.
Antero Midstream Profile
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Free Report)
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.
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