Millennium Management LLC Buys 356,982 Shares of Antero Midstream Co. (NYSE:AM)

Millennium Management LLC grew its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,218,167 shares of the pipeline company's stock after acquiring an additional 356,982 shares during the quarter. Millennium Management LLC owned about 0.46% of Antero Midstream worth $33,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Financial Management Professionals Inc. raised its position in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 963 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after buying an additional 2,612 shares in the last quarter. Allworth Financial LP lifted its position 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 worth $104,000 after buying an additional 951 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Antero Midstream during the 4th quarter worth $119,000. 53.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research 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 Price Performance

Shares of AM traded down $0.25 during trading hours on Wednesday, reaching $18.58. The stock had a trading volume of 2,243,250 shares, compared to its average volume of 2,953,297. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.04. The company's 50-day moving average is $17.42 and its two-hundred day moving average is $16.36. 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 stock has a market capitalization of $8.90 billion, a PE ratio of 22.39 and a beta of 0.99.

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 for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to analysts' expectations 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 business posted $0.21 earnings per share. Research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) 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.