SIR Capital Management L.P. Makes New Investment in Antero Midstream Co. (NYSE:AM)

SIR Capital Management L.P. bought a new position in Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,323,270 shares of the pipeline company's stock, valued at approximately $35,058,000. Antero Midstream comprises 3.7% of SIR Capital Management L.P.'s investment portfolio, making the stock its 5th largest position. SIR Capital Management L.P. owned about 0.49% of Antero Midstream as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AM. Wedmont Private Capital raised its holdings in shares of Antero Midstream by 38.8% during the fourth quarter. Wedmont Private Capital now owns 23,398 shares of the pipeline company's stock valued at $362,000 after acquiring an additional 6,536 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Antero Midstream by 6.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 197,255 shares of the pipeline company's stock valued at $2,977,000 after buying an additional 12,571 shares during the period. Financial Management Professionals Inc. raised 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 worth $41,000 after buying an additional 1,000 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in Antero Midstream by 7.9% in the fourth quarter. Atomi Financial Group Inc. now owns 33,787 shares of the pipeline company's stock worth $510,000 after buying an additional 2,465 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Antero Midstream by 22.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 928,015 shares of the pipeline company's stock worth $14,004,000 after acquiring an additional 171,730 shares during the period. Institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

NYSE AM traded down $0.15 during trading hours on Wednesday, reaching $18.69. The company's stock had a trading volume of 722,778 shares, compared to its average volume of 2,941,772. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $19.04. The firm's 50-day moving average price is $17.38 and its 200-day moving average price is $16.35. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 22.55 and a beta of 0.99.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results 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 net margin of 36.24% and a return on equity of 18.82%. The company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same period last year, the company posted $0.21 earnings per share. Antero Midstream's quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 4.82%. Antero Midstream's dividend payout ratio (DPR) is currently 103.45%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AM shares. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company raised their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th.

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.