Antero Midstream Co. (NYSE:AM) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC reduced its position in Antero Midstream Co. (NYSE:AM - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,792 shares of the pipeline company's stock after selling 55,291 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Antero Midstream were worth $163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. grew its stake in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 1,000 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 963 shares in the last quarter. Blue Trust Inc. raised its position in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after acquiring an additional 2,612 shares in the last quarter. Allworth Financial LP raised its position in shares of Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after acquiring an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Antero Midstream in the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Down 0.2%

Shares of NYSE AM traded down $0.04 during trading hours on Tuesday, hitting $18.84. The company's stock had a trading volume of 76,051 shares, compared to its average volume of 2,938,479. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.04. The business has a 50-day simple moving average of $17.34 and a 200-day simple moving average of $16.33. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 22.70 and a beta of 0.99.

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 for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million during the quarter, compared to analyst estimates of $277.79 million. During the same period in the previous year, the business earned $0.21 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

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

Analysts Set New Price Targets

AM has been the subject of several recent analyst reports. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research 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.