Voloridge Investment Management LLC Grows Position in Antero Midstream Co. (NYSE:AM)

Voloridge Investment Management LLC grew its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,522,766 shares of the pipeline company's stock after buying an additional 59,704 shares during the quarter. Voloridge Investment Management LLC owned 0.32% of Antero Midstream worth $22,979,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AM. Norges Bank acquired a new position in shares of Antero Midstream during the 4th quarter worth $62,578,000. SIR Capital Management L.P. acquired a new stake in Antero Midstream in the 4th quarter valued at about $35,058,000. Balyasny Asset Management L.P. grew 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 valued at $15,513,000 after acquiring an additional 1,014,951 shares during the last quarter. Northern Trust Corp grew 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 valued at $61,950,000 after acquiring an additional 753,939 shares during the last quarter. Finally, Jennison Associates LLC grew 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 valued at $15,566,000 after acquiring an additional 579,191 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

AM has been the topic of a number of research reports. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

Antero Midstream Trading Down 0.7%

NYSE:AM traded down $0.14 on Wednesday, reaching $18.84. The stock had a trading volume of 457,231 shares, compared to its average volume of 2,923,612. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 22.69 and a beta of 0.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The firm's fifty day moving average is $17.50 and its two-hundred day moving average is $16.47. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $19.07.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Equities analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.78%. Antero Midstream's payout ratio is 103.45%.

Antero Midstream 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.