Antero Midstream Co. (NYSE:AM) Shares Purchased by Tortoise Capital Advisors L.L.C.

Tortoise Capital Advisors L.L.C. raised its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,069,598 shares of the pipeline company's stock after purchasing an additional 135,886 shares during the period. Antero Midstream comprises 1.4% of Tortoise Capital Advisors L.L.C.'s investment portfolio, making the stock its 18th biggest position. Tortoise Capital Advisors L.L.C. owned approximately 1.47% of Antero Midstream worth $106,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. increased its holdings 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 valued at $41,000 after buying an additional 1,000 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after acquiring an additional 2,612 shares during the last quarter. Allworth Financial LP raised its position in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after acquiring an additional 951 shares in the last quarter. GAMMA Investing LLC lifted its stake in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after purchasing an additional 1,962 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in Antero Midstream in the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

NYSE:AM traded up $0.30 during mid-day trading on Thursday, reaching $16.97. 1,727,100 shares of the stock were exchanged, compared to its average volume of 2,941,015. The stock has a market capitalization of $8.12 billion, a P/E ratio of 20.45 and a beta of 1.99. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.49. The company has a 50 day simple moving average of $16.93 and a 200-day simple moving average of $15.99. 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 (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 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%. Analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $0.225 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.30%. Antero Midstream's payout ratio is 108.43%.

Wall Street Analysts Forecast Growth

A number of analysts have 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 lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th.

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.