Aigen Investment Management LP Acquires 19,484 Shares of Antero Midstream Co. (NYSE:AM)

Aigen Investment Management LP boosted its position in Antero Midstream Co. (NYSE:AM - Free Report) by 135.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,916 shares of the pipeline company's stock after acquiring an additional 19,484 shares during the period. Aigen Investment Management LP's holdings in Antero Midstream were worth $512,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Antero Midstream by 6.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,774 shares of the pipeline company's stock worth $328,000 after buying an additional 1,249 shares during the period. Van ECK Associates Corp lifted its position in shares of Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company's stock worth $2,564,000 after purchasing an additional 86,001 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Antero Midstream during the third quarter worth $337,000. Covestor Ltd grew its holdings in Antero Midstream by 112.0% during the 3rd quarter. Covestor Ltd now owns 13,312 shares of the pipeline company's stock valued at $200,000 after purchasing an additional 7,032 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Antero Midstream by 4.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 134,298 shares of the pipeline company's stock worth $2,021,000 after buying an additional 5,231 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.

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Analyst Upgrades and Downgrades

AM has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th.

Antero Midstream Price Performance

Shares of NYSE:AM traded up $0.15 during trading hours on Tuesday, hitting $16.87. 3,410,602 shares of the company's stock traded hands, compared to its average volume of 2,605,847. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 20.33 and a beta of 2.32. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $17.19. The company's fifty day simple moving average is $16.17 and its two-hundred day simple moving average is $15.47. 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 issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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, equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream's payout ratio is 108.43%.

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.