Sherbrooke Park Advisers LLC reduced its position in Antero Midstream Co. (NYSE:AM - Free Report) by 81.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,017 shares of the pipeline company's stock after selling 76,308 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Antero Midstream were worth $257,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Antero Midstream in the 4th quarter valued at about $62,578,000. SIR Capital Management L.P. purchased a new position in shares of Antero Midstream in the 4th quarter valued at about $35,058,000. Balyasny Asset Management L.P. boosted its stake in shares of 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 valued at $15,513,000 after buying an additional 1,014,951 shares during the period. Northern Trust Corp boosted its stake in shares of Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after buying an additional 753,939 shares during the period. Finally, Jennison Associates LLC lifted its stake 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 worth $15,566,000 after purchasing an additional 579,191 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.
Antero Midstream Stock Performance
Shares of AM stock traded up $0.15 during trading hours on Friday, hitting $18.65. The stock had a trading volume of 1,636,366 shares, compared to its average volume of 2,937,780. The firm has a market capitalization of $8.94 billion, a PE ratio of 22.46 and a beta of 0.99. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $19.04. The stock's 50 day moving average is $17.46 and its 200 day moving average is $16.43. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.
Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 18.82% and a net margin of 36.24%. The business had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same period in the prior year, the company earned $0.21 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.
Antero Midstream Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. 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%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on AM shares. Wells Fargo & Company upped their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.
View Our Latest Analysis on AM
About Antero Midstream
(
Free Report)
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.
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