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

SIR Capital Management L.P. purchased 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. The firm purchased 2,323,270 shares of the pipeline company's stock, valued at approximately $35,058,000. Antero Midstream accounts for about 3.7% of SIR Capital Management L.P.'s investment portfolio, making the stock its 5th largest holding. SIR Capital Management L.P. owned approximately 0.49% of Antero Midstream at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Guild Investment Management Inc. acquired a new position in shares of Antero Midstream during the 4th quarter worth approximately $1,883,000. Commonwealth Equity Services LLC grew its holdings in Antero Midstream by 45.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock valued at $1,882,000 after buying an additional 39,048 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Antero Midstream during the fourth quarter worth about $226,000. Empowered Funds LLC raised its position in shares of Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after buying an additional 1,751 shares during the period. Finally, Columbus Macro LLC purchased a new stake in Antero Midstream in the fourth quarter valued at $6,977,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on AM shares. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company upped their price objective 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 Stock Performance

NYSE AM traded down $0.08 during trading hours on Monday, hitting $18.88. The company had a trading volume of 2,532,455 shares, compared to its average volume of 2,949,687. The business has a 50 day moving average of $17.34 and a 200-day moving average of $16.33. The company has a market cap of $9.05 billion, a PE ratio of 22.75 and a beta of 0.99. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $19.14. 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 (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 analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, equities research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 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.