40,566 Shares in Antero Midstream Co. (NYSE:AM) Purchased by Quantessence Capital LLC

Quantessence Capital LLC bought a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 40,566 shares of the pipeline company's stock, valued at approximately $612,000.

Other large investors have also recently modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in Antero Midstream by 58.6% during the 4th 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. lifted its holdings in Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares in the last quarter. Blue Trust Inc. grew its holdings in Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after buying an additional 1,962 shares during the period. Finally, Allworth Financial LP increased its position in shares of Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after buying an additional 951 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of AM stock opened at $16.51 on Tuesday. 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 52 week low of $13.12 and a 52 week high of $18.49. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 19.89 and a beta of 1.99. The stock has a fifty day moving average of $16.93 and a 200 day moving average of $15.98.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 108.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in 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 upped their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note 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.

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