Antero Midstream Co. (NYSE:AM) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. lessened its holdings 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 filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Management Professionals Inc. lifted its stake in shares of Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after acquiring an additional 963 shares in the last quarter. Blue Trust Inc. boosted its holdings in 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 during the period. Allworth Financial LP grew 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 valued at $104,000 after acquiring an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Antero Midstream during the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AM. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th.

Antero Midstream Stock Performance

Shares of AM opened at $18.98 on Friday. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 22.87 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. The business's 50 day moving average is $17.31 and its two-hundred day moving average is $16.28. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $19.01.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. During the same period in the prior year, the company posted $0.21 earnings per share. The firm's quarterly revenue was up 4.3% on a year-over-year basis. Analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.74%. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

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.

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