Jefferies Financial Group Inc. Buys New Shares in Antero Midstream Co. (NYSE:AM)

Jefferies Financial Group Inc. acquired a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,073 shares of the pipeline company's stock, valued at approximately $756,000.

Other hedge funds also recently modified their holdings of the company. Gotham Asset Management LLC grew its position in Antero Midstream by 0.7% during the 4th quarter. Gotham Asset Management LLC now owns 140,998 shares of the pipeline company's stock worth $2,128,000 after acquiring an additional 957 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Antero Midstream by 91.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 224,326 shares of the pipeline company's stock worth $3,385,000 after purchasing an additional 107,095 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Antero Midstream by 16.4% during the fourth quarter. Deutsche Bank AG now owns 182,608 shares of the pipeline company's stock worth $2,756,000 after purchasing an additional 25,670 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Antero Midstream in the fourth quarter valued at $159,000. Finally, Corton Capital Inc. bought a new position in shares of Antero Midstream in the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AM. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Wells Fargo & Company lifted their price objective 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.

Antero Midstream Stock Down 0.4%

AM stock traded down $0.08 during trading hours on Monday, reaching $18.88. 2,532,455 shares of the stock were exchanged, compared to its average volume of 2,949,687. 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 company has a market cap of $9.05 billion, a price-to-earnings ratio of 22.75 and a beta of 0.99. The firm's 50-day moving average is $17.31 and its 200-day moving average is $16.30. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.14.

Antero Midstream (NYSE:AM - Get Free Report) last announced 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. 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 for the quarter, compared to analyst estimates of $277.79 million. During the same quarter last year, the firm earned $0.21 EPS. Antero Midstream's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.77%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's payout ratio is 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.