PDT Partners LLC Has $5.98 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

PDT Partners LLC lifted its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 55.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,510 shares of the pipeline company's stock after buying an additional 141,610 shares during the period. Antero Midstream makes up 0.5% of PDT Partners LLC's portfolio, making the stock its 18th biggest position. PDT Partners LLC owned 0.08% of Antero Midstream worth $5,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after buying an additional 96,788 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Antero Midstream by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after acquiring an additional 71,361 shares during the period. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Antero Midstream by 2.0% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock valued at $106,680,000 after purchasing an additional 135,886 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Antero Midstream by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock worth $92,174,000 after purchasing an additional 25,001 shares during the period. Finally, Norges Bank bought a new stake in shares of Antero Midstream in the 4th quarter worth approximately $62,578,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE AM traded up $0.33 during midday trading on Thursday, hitting $16.88. 5,352,989 shares of the company's stock were exchanged, compared to its average volume of 2,940,715. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. 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 has a market cap of $8.08 billion, a P/E ratio of 20.33 and a beta of 1.99. The stock's 50 day moving average price is $16.97 and its 200-day moving average price is $16.04.

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 (EPS) for the quarter, topping 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 company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.33%. Antero Midstream's dividend payout ratio (DPR) is 108.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AM. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research report 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 stock an "overweight" rating in a report on Tuesday, February 18th.

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.