Tudor Investment Corp ET AL Sells 119,748 Shares of Antero Midstream Co. (NYSE:AM)

Tudor Investment Corp ET AL decreased its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 968,910 shares of the pipeline company's stock after selling 119,748 shares during the period. Tudor Investment Corp ET AL owned 0.20% of Antero Midstream worth $14,621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AM. Guild Investment Management Inc. bought a new position in shares of Antero Midstream during the fourth quarter worth $1,883,000. JPMorgan Chase & Co. boosted its holdings in shares of Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after purchasing an additional 203,967 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Antero Midstream by 45.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock valued at $1,882,000 after purchasing an additional 39,048 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Antero Midstream in the fourth quarter worth about $226,000. Finally, Empowered Funds LLC lifted its position in shares of Antero Midstream by 4.3% in the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after buying an additional 1,751 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AM. Wells Fargo & Company raised their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Trading Up 3.8 %

Shares of NYSE:AM traded up $0.64 during trading on Friday, reaching $17.51. The company's stock had a trading volume of 3,920,983 shares, compared to its average volume of 2,947,257. The stock has a market capitalization of $8.38 billion, a PE ratio of 21.09 and a beta of 1.99. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm's 50 day simple moving average is $17.00 and its two-hundred day simple moving average is $16.07.

Antero Midstream (NYSE:AM - Get Free Report) last released 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. 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 company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 5.14%. Antero Midstream's payout ratio is 108.43%.

Antero Midstream Company 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.