Antero Midstream Co. (NYSE:AM) Stock Position Increased by Millennium Management LLC

Millennium Management LLC increased its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,218,167 shares of the pipeline company's stock after buying an additional 356,982 shares during the period. Millennium Management LLC owned about 0.46% of Antero Midstream worth $33,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AM. Guild Investment Management Inc. acquired a new position in Antero Midstream during the 4th quarter worth $1,883,000. Commonwealth Equity Services LLC grew its holdings in Antero Midstream by 45.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after acquiring an additional 39,048 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Antero Midstream during the 4th quarter worth $226,000. Empowered Funds LLC grew its holdings in Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after acquiring an additional 1,751 shares in the last quarter. Finally, Columbus Macro LLC acquired a new position in Antero Midstream during the 4th quarter worth $6,977,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th.

Antero Midstream Stock Performance

Shares of NYSE AM traded up $0.15 during midday trading on Friday, hitting $18.65. The company's stock had a trading volume of 1,636,366 shares, compared to its average volume of 2,937,780. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $19.04. The firm's fifty day moving average price is $17.46 and its 200-day moving average price 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. The firm has a market cap of $8.94 billion, a P/E ratio of 22.46 and a beta of 0.99.

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

Antero Midstream Announces Dividend

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