Comprehensive Money Management Services LLC Acquires New Holdings in Antero Midstream Co. (NYSE:AM)

Comprehensive Money Management Services LLC purchased a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,195 shares of the pipeline company's stock, valued at approximately $229,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Antero Midstream in the fourth quarter valued at $62,578,000. SIR Capital Management L.P. bought a new stake in Antero Midstream in the fourth quarter valued at $35,058,000. Balyasny Asset Management L.P. boosted 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 acquiring an additional 1,014,951 shares in the last quarter. Northern Trust Corp boosted 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 acquiring an additional 753,939 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Antero Midstream by 128.0% during the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after buying an additional 579,191 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AM shares. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company raised 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.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded down $0.09 during trading hours on Friday, reaching $18.77. 3,362,863 shares of the stock traded hands, compared to its average volume of 2,927,985. The company has a 50 day moving average price of $17.56 and a 200 day moving average price of $16.56. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 22.61 and a beta of 0.99. Antero Midstream Co. has a one year low of $13.12 and a one year 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 released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The business 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 business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. On average, equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.79%. Antero Midstream's dividend payout ratio is presently 103.45%.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, the director now directly owns 73,645 shares of the company's stock, valued at $1,390,417.60. This represents a 6.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

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.