Graham Capital Management L.P. Sells 186,813 Shares of Antero Midstream Co. (NYSE:AM)

Graham Capital Management L.P. lowered its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 90.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,319 shares of the pipeline company's stock after selling 186,813 shares during the quarter. Graham Capital Management L.P.'s holdings in Antero Midstream were worth $307,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. boosted its position in Antero Midstream by 91.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 224,326 shares of the pipeline company's stock worth $3,385,000 after acquiring an additional 107,095 shares during the last quarter. Deutsche Bank AG boosted its position in Antero Midstream by 16.4% during the 4th quarter. Deutsche Bank AG now owns 182,608 shares of the pipeline company's stock worth $2,756,000 after acquiring an additional 25,670 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Antero Midstream during the 4th quarter worth approximately $159,000. Corton Capital Inc. acquired a new position in Antero Midstream during the 4th quarter worth approximately $205,000. Finally, Crestline Management LP acquired a new position in Antero Midstream during the 4th quarter worth approximately $859,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Up 0.8%

Shares of NYSE AM traded up $0.15 during trading hours on Friday, hitting $18.65. The company had a trading volume of 1,636,366 shares, compared to its average volume of 2,936,988. The stock has a market capitalization of $8.94 billion, a P/E ratio of 22.46 and a beta of 0.99. 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 Co. has a 1-year low of $13.12 and a 1-year high of $19.04. The firm's 50 day moving average is $17.46 and its 200-day moving average is $16.42.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AM shares. 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 report on Tuesday, February 18th. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

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.