D. E. Shaw & Co. Inc. Raises Holdings in Antero Midstream Co. (NYSE:AM)

D. E. Shaw & Co. Inc. lifted its position in Antero Midstream Co. (NYSE:AM - Free Report) by 91.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,326 shares of the pipeline company's stock after buying an additional 107,095 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Antero Midstream were worth $3,385,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. raised 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 during the last quarter. TD Waterhouse Canada Inc. boosted its position in Antero Midstream by 20.5% during the fourth 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 during the last quarter. Blue Trust Inc. grew 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 valued at $86,000 after buying an additional 2,612 shares during the period. Allworth Financial LP grew its stake in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after buying an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Antero Midstream in the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AM. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Wells Fargo & Company boosted their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th.

Antero Midstream Stock Up 0.8%

Shares of NYSE AM traded up $0.15 during mid-day trading on Friday, reaching $18.65. 1,636,366 shares of the company traded hands, compared to its average volume of 2,937,780. The company's fifty day moving average is $17.46 and its two-hundred day moving average is $16.43. 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 Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.04. The stock has a market cap of $8.94 billion, a PE ratio of 22.46 and a beta of 0.99.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share 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 business had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. On average, analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.83%. Antero Midstream's payout ratio is currently 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.