Quantinno Capital Management LP Grows Stock Position in Antero Midstream Co. (NYSE:AM)

Quantinno Capital Management LP grew its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 114.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,149 shares of the pipeline company's stock after buying an additional 25,150 shares during the period. Quantinno Capital Management LP's holdings in Antero Midstream were worth $711,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Antero Midstream in the 4th quarter worth about $62,578,000. Balyasny Asset Management L.P. boosted its stake in Antero Midstream by 7,769.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock worth $15,513,000 after purchasing an additional 1,014,951 shares in the last quarter. Northern Trust Corp boosted its stake in Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock worth $61,950,000 after purchasing an additional 753,939 shares in the last quarter. Jennison Associates LLC boosted its stake in Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock worth $15,566,000 after purchasing an additional 579,191 shares in the last quarter. Finally, Columbus Macro LLC bought a new position in Antero Midstream in the 4th quarter worth about $6,977,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

AM traded down $0.22 during midday trading on Thursday, hitting $18.64. 500,463 shares of the company traded hands, compared to its average volume of 2,921,093. 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 firm has a market capitalization of $8.93 billion, a PE ratio of 22.44 and a beta of 0.99. The company's 50-day moving average is $17.53 and its 200 day moving average is $16.49. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $19.06.

Antero Midstream (NYSE:AM - Get Free Report) last posted its 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. The business had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.83%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's dividend payout ratio is currently 103.45%.

Wall Street Analyst Weigh In

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

Antero Midstream Company 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.